On Tuesday Trump said he would impose a 10% tariff on China. But in 2023, the U.S. collected $44.4 billion in duties on $420.8 billion of imports, for an effective rate of 10.5%. A 10% tariff on those imports would have collected only $42.1 billion. - ThreadSky

rob-mcclelland.bsky.social • 34 days ago

On Tuesday Trump said he would impose a 10% tariff on China. But in 2023, the U.S. collected $44.4 billion in duties on $420.8 billion of imports, for an effective rate of 10.5%. A 10% tariff on those imports would have collected only $42.1 billion.

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