High Tariff Rates Imposed by the U.S.

The United States has introduced unprecedented tariff rates affecting nearly every country, with rates differing based on bilateral trade deficits. Tariffs vary from 10% for lower-tier nations to an average of 76% for China, with these changes contradicting established WTO rules. The calculations for these tariffs are based on perceived unfair trade practices, yet many economists argue that the rationale is flawed. This substantial shift in tariff policy illustrates a significant departure from norms in international trade and raises concerns about broader implications for the global trading system.