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Time now for our number of the day with our business editor, Charles Pellegrin
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Charles, what's our number? Hi, Jeannie. That number is 34.8, as in 34.8 percent, which would be the average tariff imposed on goods entering the U.S. after so-called reciprocal tariffs are applied
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This means that importers would have to pay 34.8 percent of the value of whatever they're importing on top of the actual price as a tax to the U.S. government
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That's according to calculations made by Bloomberg economics and would be. the highest average tariff rate in the country since the late 1800s
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Of course, that's a worst case scenario, but it gives you a sense of the stakes here
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Donald Trump expected to make an announcement on those reciprocal tariffs this Wednesday
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in the Rose Garden of the White House at 3 p.m. Eastern time in the U.S
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I'll be on set at 1.15 p.m. Paris time today to talk about it more
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All right, looking forward to it. Thank you for that. Charles Pellegrins, our business editor
