The US had a trade-weighted average tariff rate of 2.2% in 2023, compared with 2.7% for the EU, 1.9% in Japan, 3.4% for Canada, 3% for China and 1.7% for Switzerland -- hardly a huge disparity. @anaswanson.bsky.social https://www.nytimes.com/2025/04/02/us/politics/trump-tariffs-global-trade.html?smid=nytcore-ios-share&referringSource=articleShare&sgrp=c&pvid=160B7F14-4176-4DA3-B65E-A7744363DCE0
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Funny that the American economy is mainly driven by consumption…