Annual White House economic report shows 73 percent increase in U.S. average tariff rate

Editors note: New Council of Economic Advisers report says that even after the Trump tariffs, the average US tariff rate is just 2.6%, still one of the lowest in the world. Tariffs imposed by President Trump last year caused the average U.S. tariff rate to jump by nearly 75 percent, according to the latest “Economic Report…