Record-high tariffs

Historical U.S. average effective tariff rate, measured as the ratio between tariff revenue and total imports and Budget Lab forecast accounting for the 90-day pause in "reciprocal" tariffs.

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Includes tariffs on Canadian, Mexican and Chinese imports; a 10 percent universal tariff; and duties on cars, steel and aluminum. As of April 10, 2025.

Source: Yale Budget Lab Giovanna Coi/POLITICO