Eco Notepad

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

Published on the 29th of September 2025

une main soulève une pile de pièces sur fond de drapeau des états-unis

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. 

Updated on the 29th of September 2025