Federal Reserve Bank of Richmond: 'Tariff Update: Incorporating Recent Decisions and Deals'
June 24, 2025
June 24, 2025
RICHMOND, Virginia, June 24 (TNSLrpt) -- Recent trade deals and court decisions have significantly altered the U.S. tariff landscape, bringing the average effective tariff rate (AETR) down from a peak of 27.5 percent to 17.4 percent. However, a June 2025 analysis from the Federal Reserve Bank of Richmond warns that the economic impact of these tariffs extends far beyond direct import costs, rippling through supply chains and affecting industries and regions nationwide.
The economic . . .
The economic . . .