US ETR Falls to 9.4% as Blanket 10% Tariff Replaces IEEPA Levies: Fitch Ratings

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The 10% blanket reciprocal tariff imposed by the U.S. on most trading partners lowers the U.S. effective tariff rate (ETR) to 9.4% from 12.7%, Fitch Ratings says. If the Trump administration imposes a 15% levy, the U.S. ETR would rise to 11.3%. President Trump acted swiftly to reinstate tariffs following the U.S. Supreme Court’s ruling […]

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