Taxes on imports could soon go up, as President Donald Trump signed a measure to have tariff rates match what other countries charge. “We had a very unfair system to us,” Trump said in the Oval Office.

4.8%. That’s how much the U.S.’ weighted average tariff rate would be if Trump implemented the country-level strategy, Deutsche Bank economists led by Justin Weidner estimated in a Monday note. That’s a 3.3 percentage-point increase from the 1.5% effective rate U.S. imports had in 2022, according to the World Bank.