US Set to Collect $120+ Billion From New G7 Tariffs, Sputnik's Analysis of US Trade Data
18:11 03.04.2025 (Updated: 18:44 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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