Countries apply differing levels of tariffs, which are essentially taxes on imported goods. U.S. rates are among the lowest in the world and have been for years.
China, for its part, imposes an average tariff of 4.33 percent. That’s more than twice as high as the U.S. rate of 1.68 percent, according to the latest World Bank data. Which country has the highest rate? The Bahamas at 25.74 percent.
Check out tariff levels around the world:
