But since the president delivered that speech in the Rose Garden announcing the highest tariffs of the century, huge gaps have emerged.
ManuelRD
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Bearish
#TrumpTariffs Thousands of exceptions and exemptions are weakening Trump's emergency tariffs.
At least $1.7 trillion in imports are now excluded, either because they are tax-free or subject to another tariff.
A farm worker is harvesting coffee in Brazil. Last month, the United States announced several tariff exemptions, including coffee and other agricultural products.
President Donald Trump promised that a wave of emergency tariffs on nearly all countries would restore "fair" trade and reactivate the economy.
Eight months later, half of U.S. imports are avoiding those tariffs.
"To all the presidents, prime ministers, kings, queens, ambassadors, and all other foreigners who will soon call for exemptions from these tariffs.
Trump said in April when he implemented global tariffs based on the U.S. trade deficits with other countries, "I tell you: remove your own tariffs, remove your barriers, do not manipulate your currencies." $BNB {spot}(BNBUSDT) $SOL {spot}(SOLUSDT)
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