U.S. Tariffs Heading To Highest Level Since Depression -- Market Talk

Dow Jones04:40

2040 GMT - The Trump White House has begun what could escalate into the largest global trade war in decades, says Kieran Davies, economist at Coolabah Capital. Canada, Mexico, and China account for a combined 42% of U.S. goods imports. Actions so far lift the effective U.S. tariff rate to 11%, from 2.5%, to be at the highest level since the second world war, he says. If the EU is added, the import share climbs to 61%, taking the effective U.S. tariff to 16%, the highest since the great depression, Davies says. (james.glynn@wsj.com; @JamesGlynnWSJ)

(END) Dow Jones Newswires

February 02, 2025 15:40 ET (20:40 GMT)

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If the EU is added, the import share climbs to 61%, taking the effective U.S. tariff to 16%, the highest since the great depression, Davies says. 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Canada, Mexico, and China account for a ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2508153094","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2508153094","pubTimestamp":1738528800,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2040 GMT - The Trump White House has begun what could escalate into the largest global trade war in decades, says Kieran Davies, economist at Coolabah Capital. 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If the EU is added, the import share climbs to 61%, taking the effective U.S. tariff to 16%, the highest since the great depression, Davies says. 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