US tariff rates significantly vary across nations and sectors, and that could affect in a big way the impact of potential changes in the tariff policy this year, Fitch Ratings said.
The average US effective tariff rate is projected to rise to 7.9 per cent, assuming that dutiable rates increase to 60 per cent on China, 25 per cent on Mexico and Canada, and 10 per cent on other trade partners.
The average US effective tariff rate is projected to rise to 7.9 per cent, assuming that dutiable rates increase to 60 per cent on China, 25 per cent on Mexico and Canada, and 10 per cent on other trade partners.
