Trump’s New Tariff Wave Still Falls Short Of Pre-Court Ruling Levels

President Trump’s latest round of trade actions has pushed the effective US tariff rate to 11.1%, with projections showing a rise to 11.8% by year end. Despite the flurry of announcements, this remains well below the 13.86% rate recorded just before the Supreme Court struck down Trump’s broader tariff plan in February, according to Yale Budget Lab estimates.

New Tariffs Announced Across Multiple Fronts

Trump introduced fresh tariffs of 10% to 12.5% on imports from dozens of countries this week, alongside a 25% tariff on Brazilian goods, a planned 50% tariff on select Canadian products in August, and a threatened tariff on European goods tied to fines against Google. He has also proposed a 100% tariff on generic drugs starting in 2028.

Exemptions Keep Overall Rate In Check

Analysts note that a long list of exempted goods, including oil, Scottish whiskey, and Central American textiles, has kept the overall tariff burden from rising sharply. The Committee for a Responsible Federal Budget estimates the latest measures will generate roughly $950 billion over ten years, far less than the $1.9 trillion projected under the tariffs previously struck down by the Supreme Court.