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.

Donald Trump's trade advisers were finalizing plans on Wednesday for the reciprocal tariffs the U.S. president has vowed to impose on every country that charges duties on U.S. imports, ratcheting up fears of a widening global trade war and threatening to add to already-sticky U.

WASHINGTON (AP) — President Donald Trump is taking additional action to upset the world trade system, with plans to sign an order as soon as Wednesday that would require that U.S. tariffs on imports match the tax rates charged by other countries.

President Donald Trump announced on Air Force One Sunday that he would impose a 25% tariff on steel and aluminum imports, the latest move as part of the ongoing trade war between the U.S. and its allies.

Mexico, Canada and the European Union on Tuesday condemned U.S. President Donald Trump's decision to impose tariffs on all steel and aluminum imports next month, a move that has fanned fears of a trade war as business and political leaders braced for yet more trade duty announcements from the new administration.

President Donald Trump is meeting Thursday with Indian Prime Minister Narendra Modi, who has heaped praise on him and is hoping to avoid tariffs that the new administration has slapped on other countries in its opening weeks.

Prime Minister Narendra Modi’s longstanding bonhomie with President Donald Trump may be tested as the Indian leader kicks off a visit to Washington, eager to avoid tariffs that have been slapped on others and threats of further taxes and imports.

After completing a three-day visit to France, Indian Prime Minister Narendra Modi arrived in the United States on Wednesday, February 12, for an important meeting with U.S. President Donald Trump. This will be their first meeting since Trump assumed office.