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.

President Donald Trump is planning to impose reciprocal tariffs on U.S. trading partners to match tariffs on imports to those imposed on American exporters by foreign countries.

Trump's reciprocal tariffs would match the higher duty rates charged by other countries. They would also aim to counteract trade barriers such as burdensome regulations, value-added taxes, government subsidies and exchange rate policies that can erect barriers to the flow of U.