According to a 2025 survey, over one-quarter of Americans were planning on making purchases because they expect prices to increase across the country as a result of Trump's proposed tariffs on all imported goods.

Prices were expected to change for all agri-food products in the United States due tariffs imposed on China, Mexico, and Canada in 2025. Imported products were expected to suffer the greatest price increases, but domestic products would see prices rise too, mostly due to the fact that stages of the production process might involve raw materials from other countries. Among the domestic agri-food products processed, rice would see the highest price increase, with 4.8 percent, while among imported products wheat would see the highest increase at 14.9 percent.

Procter & Gamble may hike prices amid potential Trump tariffs, with strategies focusing on cost-cutting and supply chain flexibility to address import vulnerabilities.

According to a 2025 survey, nearly half of consumers in the United States intended to switch to more affordable alternatives of their favorite brands if prices rose due to Trump's proposed tariffs on international goods. Another 17 percent would stop purchasing the product altogether.

Audi is weighing the possibility of raising prices as a response to U.S. import tariffs, with a focus on localizing production within North America to alleviate costs.

According to a 2024 survey, roughly two-thirds of Americans thought that increasing tariffs on foreign goods would increase prices in the country. Another ten percent agreed that increasing tariffs would have no great effect on prices in the U.S.

This data package includes the underlying data files to replicate the data, tables, and charts presented in Why Trump’s tariff proposals would harm working Americans, PIIE Policy Brief 24-1.

If you use the data, please cite as: Clausing, Kimberly, and Mary E. Lovely. 2024. Why Trump’s tariff proposals would harm working Americans. PIIE Policy Brief 24-1. Washington, DC: Peterson Institute for International Economics.

According to a 2025 survey, over one-quarter of Americans were planning on making electronics purchases because they expect prices to increase across the country as a result of Trump's proposed tariffs on all imported goods. Of those, 42 percent were between the age of 18 and 24, compared to only 12 percent 55 and older.

Tariffs have long been central tool in global trade policy. Learn how tariffs affect critical US industries, and how businesses are navigating their impacts.

Chipotle CEO Scott Boatwright reveals the company's plan to absorb costs from Trump's tariffs, avoiding price hikes, with efficient sourcing and innovative operations.

U.S. tariff rates for 2021 was 1.47%, a 0.05% decline from 2020.

• U.S. tariff rates for 2020 was 1.52%, a 12.26% decline from 2019.
• U.S. tariff rates for 2019 was 13.78%, a 12.19% increase from 2018.
• U.S. tariff rates for 2018 was 1.59%, a 0.07% decline from 2017.

Weighted mean applied tariff is the average of effectively applied rates weighted by the product import shares corresponding to each partner country. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups and import weights. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of weighted mean tariffs. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database. Effectively applied tariff rates at the six- and eight-digit product level are averaged for products in each commodity group. When the effectively applied rate is unavailable, the most favored nation rate is used instead.

President Trump's proposals to impose universal tariffs as well as tariffs on Chinese, Canadian, and Mexican imports would considerably increase the average tariff rate. It's estimated that, if put into effect, the average tariff rate including dutiable imports would reach almost 18 percent, up from two percent in 2024. Tariff rates are higher when dutiable imports are included because they refer only to goods that are actually subject to tariffs, rather than all imports. This skews the average tariff rate upward because it excludes duty-free goods. Trump's proposal for a universal 10 percent tariff on all imports would impose a flat tax on all imports, rather than just dutiable goods. This would result in a sharp increase in the overall tariff burden because previously duty-free goods would be taxed.

Learn about the expected rise in toy prices in fall 2025 due to supply chain challenges and tariffs, and how the industry is adapting.

Oil prices climbed due to potential U.S. tariffs on Canadian and Mexican exports, with Brent and West Texas Intermediate futures experiencing notable gains.

Canada CA: Tariff Rate: Applied: Weighted Mean: All Products data was reported at 2.350 % in 2021. This records an increase from the previous number of 1.490 % for 2020. Canada CA: Tariff Rate: Applied: Weighted Mean: All Products data is updated yearly, averaging 1.510 % from Dec 1989 (Median) to 2021, with 29 observations. The data reached an all-time high of 7.020 % in 1989 and a record low of 1.010 % in 1999. Canada CA: Tariff Rate: Applied: Weighted Mean: All Products data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Canada – Table CA.World Bank.WDI: Trade Tariffs. Weighted mean applied tariff is the average of effectively applied rates weighted by the product import shares corresponding to each partner country. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups and import weights. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of weighted mean tariffs. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database. Effectively applied tariff rates at the six- and eight-digit product level are averaged for products in each commodity group. When the effectively applied rate is unavailable, the most favored nation rate is used instead.;World Bank staff estimates using the World Integrated Trade Solution system, based on data from United Nations Conference on Trade and Development's Trade Analysis and Information System (TRAINS) database and the World Trade Organization’s (WTO) Integrated Data Base (IDB) and Consolidated Tariff Schedules (CTS) database.;;

Goldman Sachs adjusts oil price forecasts downward as trade tariffs rise and OPEC production increases, impacting global market expectations.

The acceleration in US productivity growth since 1995 is often attributed to declining prices for information technology (IT ) goods, and therefore enhanced productivity growth in that sector. We investigate an alternative explanation for these IT price movements: gains in the US terms of trade and tariff reductions, especially for IT products, which led to greater gains than shown by official indexes. We do not, however, investigate the indexes used to deflate the domestic absorption components of GDP, and if upward biases are present in those indexes that could offset some of the effects of mismeasured export and import indexes. (JEL C43, E23, F13, F14, J24)

This statistic shows the results of a survey conducted among American companies in China on the perceived impact on their businesses of the U.S.-China trade tariffs as of September 2018. During the survey period, 47.1 percent of the surveyed American companies in China responded that the combined U.S.-China trade tariffs increased their cost of manufacturing.

Peru Utilities Price Index: Electricity Tariff: Industrial data was reported at 140.745 2010=100 in Jul 2019. This records an increase from the previous number of 140.696 2010=100 for Jun 2019. Peru Utilities Price Index: Electricity Tariff: Industrial data is updated monthly, averaging 114.473 2010=100 from Jan 2010 (Median) to Jul 2019, with 115 observations. The data reached an all-time high of 143.436 2010=100 in Apr 2018 and a record low of 97.761 2010=100 in Dec 2010. Peru Utilities Price Index: Electricity Tariff: Industrial data remains active status in CEIC and is reported by Central Reserve Bank of Peru. The data is categorized under Global Database’s Peru – Table PE.I019: Utilities Price Index.

Graph and download economic data for Current Prices Paid for Raw Materials; Percentage Reporting Increases for Texas (PRMISAMFRBDAL) from Jun 2004 to Feb 2025 about paid, cost, materials, percent, TX, price, and USA.