U.S. President Donald Trump's administration released an encyclopedic list of foreign countries' policies and regulations it regards as trade barriers on Monday, two days before he proposed hitting global trading partners with reciprocal tariffs.
The Office of the U.S. Trade Representative's annual National Trade Estimate Report on foreign trade barriers lists average applied tariff rates for trading partner countries and non-tariff barriers ranging from onerous food safety regulations to renewable energy requirements and public procurement rules.
Trump's reciprocal tariffs, expected to be announced on Wednesday, aim to match other countries' higher tariff rates for specific goods and compensate for non-tariff barriers that put U.S. exports at a disadvantage.
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USTR releases trade barriers report ahead of Trump's reciprocal tariffs
U.S. President Donald Trump's administration released an encyclopedic list of foreign countries' policies and regulations it regards as trade barriers on Monday, two days before he proposed hitting global trading partners with reciprocal tariffs. The Office of the U.S. Trade Representative's annual National Trade Estimate Report on foreign trade barriers lists average applied tariff rates for trading partner countries and non-tariff barriers ranging from onerous food safety regulations to renewable energy requirements and public procurement rules. Trump's reciprocal tariffs, expected to be announced on Wednesday, aim to match other countries' higher tariff rates for specific goods and compensate for non-tariff barriers that put U.S. exports at a disadvantage.