Fitch Ratings expects the U.S. administration’s reciprocal tariff review to result in higher tariff rates, according to a new report. There is a high risk that tariffs ensnare many U.S. trading partners, particularly those emerging market economies where the tariff rates faced by U.S. exporters exceed those charged on US imports from these countries. Brazil, India, Thailand, Malaysia, South Africa, Turkey and, on a simple average tariff basis, Vietnam and Indonesia, impose notably higher tariffs on exports from the U.S relative to tariffs imposed by the U.S. on imports from these countries. Fitch compares tariff ... (full story)