Trump tariffs: 17% effective rate, $50bn monthly customs revenue |...

Trump tariffs: 17% effective rate, $50bn monthly customs revenue

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Fitch Ratings estimates the US effective tariff rate at 17% after recent reciprocal tariff announcements. Indian goods faced a 20.8% rate before August 27, including exemptions. While the US average tariff was 3.3% in 2024, additional duties, especially on countries like India and Brazil, significantly increase the overall tariff burden.

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