Winners and Losers in Global Trade Shifts
While average rates outside China, Canada, and Mexico rose only modestly, some countries — including Bangladesh, Cambodia, Malaysia, Sri Lanka, and Thailand — saw lower tariff levels than previously threatened.
Still, the overall 18.3% average marks a nearly 16 percentage-point jump over last year, underscoring a dramatic escalation in U.S. trade policy.
Economic and Political Stakes Rise
The tariff shockwaves come as policymakers weigh how higher prices could fuel inflation and strain households. Analysts note that the White House’s move may carry both economic and political consequences heading into future trade negotiations.
The report framed the tariff surge as a test of whether U.S. consumers can shoulder costs unseen since the 1930s trade wars.
