Will US tariffs be higher in 2025 than 2024?
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As measured by US FED data. 2024 data is not yet available; for comparison, the 2023 average is 2.63662%. Quarterly data is also available (for comparison only; the annual data will be used for this question).
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@DanielTilkin I think that's basically correct, however the way I see the chart is that Trump raised tariffs last time, and they've been slowly kinda coming back down (but noisily), reverting towards pre-Trump levels. That trend might well continue.
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