Where Data Tells the Story
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On April 2, president Trump announced steep tariffs on a number of nations such as a 24% tariff on Japan and a 26% levy on India.
These come along with a 10% baseline tariff for all countries, set to come into effect on April 9th.
In comparison, many of the world's largest economies have average tariff rates that stand below 5%.
India and South Korea are notable exceptions, with trade weighted average tariff rates of 12% and 8.4%, respectively.