What We're Showing
This visualization, developed in collaboration with the Hinrich Foundation, highlights major goods expected to face sustained price increases due to rising tariffs. Based on data from the Yale Budget Lab, it explores both short-term shocks and longer-term inflationary effects.
Key Takeaways
- The average effective U.S. tariff rate has soared to 18.6%—the highest level seen since 1933.
- Tariffs currently affect a wide range of countries and goods, and as a result, short- and long-term price increases are expected across numerous sectors.
- In the short-term, the hardest-hit categories are primary goods like metals, which are projected to rise by 41.0%, and crops, expected to climb by 31.5%.
