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Activists wearing masks of (L to R) Sao Paulo’s governor Tarcisio de Freitas, US President Donald Trump, and Brazil’s former President Jair Bolsonaro, stand during a protest in defence of national sovereignty following the US government trade taxes and sanctions on Brazil, outside the US consulate, in Sao Paulo, Brazil, on August 1, 2025. Trump’s Brazil tariff is among the highest imposed on US trading partners, and unlike with other countries, the measures have been framed in openly political terms, sweeping aside centuries-old trade ties and a surplus that Brasilia put at $284 million last year. (Photo by NELSON ALMEIDA / AFP) (Photo by NELSON ALMEIDA/AFP via Getty Images) AFP via Getty Images The average U.S. tariff rate is estimated to rise to 11.4% in 2025 in the light of much of the Trump administration’s so-called reciprocal tariffs reinstated since this week. This is according to calculations by the Tax Foundation based on data from the U.S. Census Bureau and the U.S. International Trade Commission. The rate was last this high in the 1940s, which marked a transition period that saw tariff rates come down from higher Great Depression levels towards those associated with the most recent era of trade liberalization and trade agreements. While 50% tariff rates on Brazil are already in effect—making them the highest under current U.S. policy—50% tariffs on India are supposed to go live at the end of the month. Both countries have seen these extraordinarily high tariff levels tied to actions the Trump administration thinks they should be discontinuing. For Brazil, it is the prosecution of Trump ally and former President Jair Bolsonaro, while for India the reason given is the import of copious amounts of cheap Russian oil that has been shunned in the world markets. Beside these, the highest rates the administration…

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Filed under: News - @ August 8, 2025 11:27 pm