US Set to Collect $120+ Billion From New G7 Tariffs, Sputnik's Analysis of US Trade Data

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US Set to Collect $120+ Billion From New G7 Tariffs, Sputnik's Analysis of US Trade Data - Sputnik Africa, 1920, 03.04.2025
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US Set to Collect $120+ Billion From New G7 Tariffs, Sputnik's Analysis of US Trade Data

Based on last year's import volumes, the potential revenues from new tariffs in 2025 are:

France: 20% on $59.9 bln imports generates $12 bln;

Germany: 20% on $160.4 bln imports adds $32.1 bln;

Italy: 20% on $76.4 bln imports produces $15.3 bln;

Japan: 24% on $148.2 bln imports equals $35.6 bln;

UK: 24% on $68.1 bln imports adds $6.8 billion;

Canada: 24% on $73.7 bln of aluminum, steel, automobiles and spare parts imports brings $18.4 bln.

The US will impose a 10% tariff on all foreign imports starting on Saturday, with higher reciprocal tariffs on countries with the largest trade deficits effective from next Wednesday.

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