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November 24, 2025 Effective Tariff Rates and Revenues (Updated November 24, 2025) International, Trade Summary: The USITC recently released updated trade and tariff data. We use this data to provide up-to-date estimates of customs revenue and effective tariff rates through August 2025. Key Points New tariffs have raised $101.2 billion in revenue between January 2025 and August 2025 before accounting for income and payroll tax offsets. The average effective tariff rate inc …

August 12, 2025 August 2025 Tariff Update: What Importers Need to Know As of August 7, 2025, tariff activity continues to evolve at a rapid pace. New rounds of duties targeting key U.S. trading partners are driving higher costs, greater compliance challenges, and shorter decision-making timelines for importers. Below is a summary of the latest updates, including recent Section 232 developments and country-specific actions. Current Tariff Rates by Country Chin …

Trump tariffs live updates: Trump says pharma tariffs could go to 250%, US tensions with India escalate President Trump on Tuesday said he would announce tariffs on semiconductor and pharmaceutical imports "within the next week or so," as he prepares to add more sectoral duties to his mix of tariffs. "We'll be putting a initially small tariff on pharmaceuticals, but in one year — one and a half years, maximum — it's going to go to 150%. And then it’s going to go to 250%, becaus …

June 2025 Update: The Impact of US Tariffs of 50% on Steel and Aluminum Right now, the tariffs on steel and aluminum imports into the US have doubled to 50% for all countries except the UK. The tariffs, which took effect on June 4, include derivative products that contain a proportion of those metals. BCG estimates that the new tariffs will add $50 billion in tariff costs, doubling the estimated impact of the 25% tariffs introduced in March. The tariffs are applied under Section 232 of the Tra …

Tariff Trouble: Why Automotive Lift Parts Are About to Get More Expensive If you’re in the automotive repair business, you may have already noticed the rising costs of equipment and replacement parts. One of the biggest drivers behind these increases? Tariffs—specifically, new and existing tariffs between the United States and Canada that are directly affecting the price of steel, aluminum, and automotive lift components. A New Wave of Tariffs starting April 2nd 2025 The Canadian and …