.jpg)
AETRs on US imports to rise to 20-25% from 2.3% in 2024: S&P Global
Following the ‘Liberation Day’ round of US tariffs, S&P Global Ratings estimates that average effective tariff rates (AETRs) on US imports will rise to range 20-25 per cent from 2.3 per cent in 2024, reaching levels not seen since 1930s. The share of import content in US consumer spending would limit the new tariffs' impact on US consumer prices, but it would still be substantial in the near term.
Following the ‘Liberation Day’ round of US tariffs, S&P Global Ratings estimates that average effective tariff rates (AETRs) on US imports will rise to range 20-25 per cent from 2.3 per cent in 2024, reaching levels not seen since 1930s.
The share of import content in US consumer spending would limit the new tariffs' impact on US consumer prices, but it would still be substantial in the near term.
