Understanding the Global Macroeconomic Impacts of Trump’s Tariffs

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Understanding the Global Macroeconomic Impacts of Trump’s Tariffs

Tariffs

by Philipp Carlsson-Szlezak, Paul Swartz and Martin Reeves

April src0, 2025

Illustration by Skizzomat

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Post Buy Copies On April 2, President Trump followed through on campaign promises to steeply hike tariffs on U.S. trading partners, taking the average effective tariff rate to around 23%, a near src0-fold increase of the rate last year. As sharp and severe selloffs in financial markets underline the global scope and radical uncertainty of this move, executives are racing to build an understanding of the global economic impact.

Post Buy Copies Read more on Tariffs or related topics Economic cycles and trends , Government policy and regulation , International relations , Economics , Financial markets and Trade

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