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 called for "reciprocal tariffs" on nations that impose tariffs on the United States.

The president rolled out his plans to increase U.S. tariffs to match the tax rates that other countries charge on imports. Here's what we know.