Finally updated the tariff calculations to incorporate the 50% copper tariffs, 40% tariff on Brazilian imports, and 5-31% tariff on imports from 94 countries that Trump has signed over the last 24 hours—overall tariff rates rise more than 2%, and are now 16% higher than pre-Trump
When’s the last time they were this high?
Smoot-Hawley (we're close but haven't yet exceeded that peak)
Where are we expanding US plant or waiting for import taxes too end? Buying pharmaceuticals got us this far but still most are not made outside of Asia
This source suggests late 1930s.
www.statista.com/chart/34236/...
This chart shows the average effective tariff rate on U.S. imports (in percent).
