The average American rate of customs duties at the highest since the early 1910s

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Average american rate customs duties:

Customs duties applied by the United States amount to an average of 20.1% after the entry into force of new taxes for dozens of countries Thursday. Nevertheless, according to the calculation updated on Friday of the WTO and the IMF, their highest level since the early 1910s, apart from a few weeks of 2025.

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This theoretical rate, calculated by the World Trade Organization (WTO) and the International Monetary Fund (IMF) from commercial announcements, is based on the volumes of constant exchanges and was only 2.4% during the inauguration of Donald Trump, on January 20, 2025.

The announcement. Moreover, on April 2, average american rate customs duties of all-round customs duties and successive bids targeting the main trade partners of the United States, China in the lead, had briefly made the average rate jump at 24.8% in May. For example, calculated the WTO and the IMF-of the unheard of since 1904, according to data from the United States International Trade Commission.

In the 1930s, the rate, calculated by dividing the amount of taxes by the amount of imports, rose to almost 20%.

The rate updated Friday by the “Tariff Tracker” the WTO. the IMF applies the rates announced by product to the volumes of trade of 2024.

Coming in relation to the theoretical level of late June (17.3%). it joined the new taxes that set in force Thursday, an increase in certain customs duties aimed at Canada, Brazil and refined copper, as well as trade agreements with the EU, Japan and South Korea.

The calculation of the average american rate customs duties WTO. the IMF does not take into account all the effects of customs duties on trade: companies can for example anticipate or delay deliveries to try to escape from surcharges, and consumption habits can evolve.

According to the Lab Budget Research Center of the University of Yale, the rate should converge around 17.7% once consumption changes and side effects taken into account – without other shock announcements from Donald Trump.

Customs duties actually perceived. paid by importers to the United States government and then passed to or not to the American customer, remained in June below these rates.

US income increase

In the first half. the US Treasury collected a net amount of $ 87 billion in customs duties, more than the total of the year 2024, according to data from the Ministry of Finance, which show a spectacular increase since April 2025.

The latest official estimates of the rights average american rate customs duties collected for each type of imported product also date from June. They are published by the Census Bureau (Census).

Reported to the value of imports. these figures make it possible to determine which country and which product are effectively the most taxed.

The actual effective rate for June Any product and Commerce Partner was 9.1%, according to AFP calculations from the data from the Census Bureau.

China is largely at the top of the ranking, with 40.3% of import taxes in June.

On the product side, “cast iron, iron or steel works” were the most taxed category, at 39.8%, against 6.1% in January.

China. which has exported more than $ 5 billion in these products to the United States, is the most affected by this flight.

Brazilian meat (33.9%), Canadian aluminum (33.6%), Indonesia (29.6%) and Vietnam (29.4%) clothing as well as Japanese cars (27.4%) are among imports displaying the highest average american rate customs duties actual rates in June.

Customs duties represent only part of the tools available to countries to protect their market and their national producers. Import quotas, standards, or local content requirements may, in some cases, have a significant impact on exchanges.

This pricing policy also has an economic cost. According to a study by the Yale Budget LAB, the real growth of American GDP in 2025 and 2026 will be 0.5 percentage point each year due to new customs duties.

Average american rate customs duties

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