U.S. Tariffs Have Risen but Remain Below Past Peaks

U.S. Tariffs Have Risen but Remain Below Past Peaks

A line chart of the U.S. tariff rate (duties as a share of imports) showing a recent low rate rising slightly under Trump

Duties

as a share of all imports

Duties

as a share of imports subject to tariffs

Trump’s tariffs

WTO established

General Agreement on Tariffs and Trade

Reciprocal Trade Agreements Act

Reciprocal Trade Agreements Act

Smoot-Hawley Tariff Act

2.8%

8.3%

Note: The lines represent two ways of measuring tariffs. They differ because not all goods are subject to tariffs.

Source: U.S. International Trade Commission.