After UK and China trade deals, tariff rate still highest since 1934, Yale report says

After UK and China trade deals, tariff rate still highest since 1934, Yale report says

Imports face steep levies despite recent trade deals the Trump administration reached with China and the U.K.

U.S. Tariff Rate Hits Highest Level Since 1934 Despite New Trade Deals, Yale Report Finds

The average effective tariff rate on U.S. imports stands at 17.8%, the highest since 1934, despite recent trade agreements with China and the United Kingdom, according to a report released on May 12 by the Yale Budget Lab. The report highlights that the new trade deals — including reductions in...

After UK, China trade deals, tariff rate still highest since 1934: Yale - Los Angeles Weekly Times

A cargo ship moors at the container terminal berth of Lianyungang Port for loading and unloading containers in Lianyungang City, Jiangsu Province, China, on May 9, 2025. Nurphoto | Nurphoto | Getty Images The tariff rate the U.S. puts on imports remains higher than any point since the 1930s, despite trade deals struck with China and the United Kingdom in recent days, according to a Yale Budget Lab report issued Monday. The total U.S. average ef…