Highest US Tariffs Since WWII Set to Cut Growth, Boost Inflation

President Donald Trump’s reciprocal levies will likely weigh on economic growth and push up prices while hammering the global economy, according to Bloomberg Economics.

The tariffs announced Friday, which run from 10% to 41% and mark the highest rates since World War II, would increase the average US duty to 15.2% from 2.3% in 2024, according to analysis by Maeva Cousin, chief trade economist at BE.