Trump shows chart unveiling global reciprocal tariffs
US President Donald Trump showed a chart unveiling global reciprocal tariffs during an event at the White House on Wednesday, April 2.
Trump held up a board showing the new rates charged on most countries. Rates ranged from 10% to 49% on the first board and up to 50% on later boards.
With a few exceptions, based on the charts Trump read out, the tariff rate being imposed by the US on most countries was around half of what those countries charged. There were some exceptions in which the US charged the exact rates that those countries charged, according to the chart.
“The tariffs will be not a full reciprocal. I could have done that, yes, but it would have been tough for a lot of countries. We didn't want to do that,” Trump said.
REUTERS / US NETWORK POOL
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