Federal Reserve Bank of Richmond: U.S. Effective Tariff Rate Jumps to 27.5% After Latest Announcements
May 25, 2025
May 25, 2025
WASHINGTON, May 25 (TNSLrpt) -- The average effective tariff rate (AETR) on goods imported into the United States has surged to 27.5 percent, a dramatic increase driven primarily by new tariff proposals announced on April 9. This updated analysis, released by the Federal Reserve Bank of Richmond in an Economic Brief (No. 25-15) titled "Tariff Update: Incorporating the April 9 Announcements," reveals an eighteen-fold increase from the 2024 baseline and marks "the most significant t . . .