U.S. Commerce Secretary Howard Lutnick said that foreign governments have been bearing the brunt of U.S. tariffs over 15 percent, with China paying the lion’s share.
“China is paying an average tariff of 52 percent. But the government of China is eating most of it. So while that’s a high average when you count in China, the government of China is covering most of that cost,” Lutnick said on CNBC’s “Squawk on the Street” on Sept. 11.