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November 24, 2025 Effective Tariff Rates and Revenues (Updated November 24, 2025) International, Trade

Effective Tariff Rates and Revenues (Updated November 24, 2025)

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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 increased to 10.55 percent in August, up from 2.2 percent in January.

  • Among major trading partners, China faces the highest tariffs, with effective rates reaching 39.2 percent in August.

  • Steel and aluminum products are the most heavily tariffed product category at 39.8 percent, followed by automotive vehicles at 21 percent.


For forward-looking analysis, including long-term revenue and effective tariff rate projections, see our tariff simulator.

For real-time data on daily tariff revenue collections, see our Real-Time Federal Budget Tracker.

26th Nov 2025

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