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China
The average tariff rate in 2024 was 11.4% and would increase to 62.9% under Trump’s tariffs.<!–>
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Vietnam
The average tariff rate in 2024 was 3.8% and would increase to 48.4% under Trump’s tariffs.<!–>
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Taiwan
The average tariff rate in 2024 was 0.9% and would increase to 28.9% under Trump’s tariffs.<!–>
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Japan
The average tariff rate in 2024 was 1.5% and would increase to 24.0% under Trump’s tariffs.<!–>
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South Korea
The average tariff rate in 2024 was 0.2% and would increase to 23.4% under Trump’s tariffs.<!–>
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India
The average tariff rate in 2024 was 2.4% and would increase to 22.8% under Trump’s tariffs.<!–>
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Germany
The average tariff rate in 2024 was 1.4% and would increase to 19.2% under Trump’s tariffs.<!–>
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Mexico
The average tariff rate in 2024 was 0.3% and would increase to 15.9% under Trump’s tariffs.<!–>
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Canada
The average tariff rate in 2024 was 0.1% and would increase to 12.9% under Trump’s tariffs.<!–>
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Ireland
The average tariff rate in 2024 was 0.2% and would increase to 3.8% under Trump’s tariffs.<!–>
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[–><!–>As companies and consumers will largely bear the higher cost of importing goods, Mr. Trump’s trade policies could come with a large economic toll. Consumer sentiment has begun to fall, inflation is expected to rise, and global stocks have been plunging. Even Mr. Trump has suggested that his policies could cause a recession.–><!–>
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