04/01/2025
US President Donald Trump is aiming to reshape the country's trade policy using one of his preferred economic tools: tariffs.
In the latest Yahoo Finance Chartbook, Yale Budget Lab director of economics Ernie Tedeschi pointed out that, when taken literally, Trump's campaign proposals could increase the average effective tariff rate by anywhere from 7 to 27 percentage points. The high end of the estimate would bring the average effective tariff rate to a level not seen since 1900.
"That would represent the most dramatic shift in both trade and tax policy in the US in generations," Tedeschi said.
We're chronicling the latest news and updates, from the threats to the eventual policy here: https://yhoo.it/4aI2yvD