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A historic rise in protectionism in the United States since January 2025

Post No. 413. The average (statutory) tariff levied by the United States on its imports increased by approximately 14 percentage points between January and September 2025, giving an average rate of between 18% and 20%, depending on the calculation method used. This increase factors in all new tariffs applied during this period, including those announced on 1 August 2025, as well as exemptions. It is comparable historically to the Smoot-Hawley tariffs of 1930. 

29th of September 2025

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Design and manufacture of banknote paper and banknotes

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A historic rise in protectionism in the United States since January 2025

Eco Notepad 26th of September 2025
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ABC de l’économie

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Discover the International Banking and Finance Institute

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Banque de France Annual Report 2023

Report 24th of July 2024
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3-minute guide to monetary strategy

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