Fact Check: Tariffs could range from 60% to 70% on imported products.

Fact Check: "Tariffs could range from 60% to 70% on imported products."

What We Know

Recent statements from former President Donald Trump indicate that proposed tariffs on imported products could range from 60% to 70% (source-4). This claim aligns with his administration's ongoing focus on adjusting trade policies to address perceived imbalances in international trade. On April 2, 2025, Trump signed an executive order imposing a minimum 10% tariff on all U.S. imports, with higher tariffs on imports from specific countries ranging from 11% to 50% (source-2). The context of these statements suggests a broader strategy to rectify trade deficits and enhance domestic manufacturing competitiveness (source-1).

Analysis

The assertion that tariffs could reach as high as 60% to 70% is based on Trump's own comments and reflects a potential escalation in his trade policy approach. However, it is essential to consider the reliability of the sources reporting these statements. The initial claim comes from a BBC article and is echoed by multiple news outlets, including Yahoo Finance and The Guardian. These sources are generally credible and provide timely updates on political and economic developments.

While the possibility of such high tariffs is mentioned, it is crucial to note that these figures have not yet been officially implemented or detailed in the context of specific products or countries. The executive order signed in April 2025 primarily established a baseline tariff of 10% on all imports, indicating that while higher tariffs are a possibility, they are not yet a reality (source-2).

Moreover, the economic implications of such tariffs are significant. A report from the Wharton School indicates that while tariffs could generate substantial revenue, they may also lead to economic declines, affecting GDP and wages negatively (source-2). This complexity suggests that while the claim about potential tariff rates is grounded in statements made by Trump, the actual implementation and effects of such tariffs remain uncertain.

Conclusion

The claim that tariffs could range from 60% to 70% on imported products is Partially True. While Trump has indicated that such high tariffs are a possibility, they have not yet been formally enacted or detailed. The context of the claim reflects ongoing discussions about trade policy rather than a definitive policy change. The potential for high tariffs exists, but the current baseline remains significantly lower, and the economic consequences of implementing such tariffs could be substantial.