Average U.S. tariffs increased from 1.5% to 28%, now comparable to rates in Iran and Sudan
U.S. Economic Freedom in a Trade War;
By Fraser Institute —— Bio and Archives--August 19, 2025
Canadian News, Opinion | Comments | Back To Full Article
VANCOUVER—The average tariff rate in the United States skyrocketed in 2025 and rivals tariff rates in countries such as Iran and Sudan, finds a new study published today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“American prosperity was built on a foundation of economic freedom and trade, but thanks to President Trump’s trade war, that prosperity is under threat,” said Matthew D. Mitchell, senior fellow at the Fraser Institute and co-author of U.S. Economic Freedom in a Trade War.
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