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U.S. tariffs are near global—and historic—lows

A map of current tariff rates around the globe.
By
Nicolas Rapp
Nicolas Rapp
and
Daniel Bentley
Daniel Bentley
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By
Nicolas Rapp
Nicolas Rapp
and
Daniel Bentley
Daniel Bentley
Down Arrow Button Icon
December 23, 2019, 6:30 AM ET
By
Nicolas Rapp
Nicolas Rapp
and
Daniel Bentley
Daniel Bentley
Down Arrow Button Icon
By
Nicolas Rapp
Nicolas Rapp
and
Daniel Bentley
Daniel Bentley
Down Arrow Button Icon
December 23, 2019, 6:30 AM ET
U.S. tariffs are near global—and historic—lows

Whether the calm in trade hostilities between the U.S. and Beijing will hold or not, the current tariffs imposed by the Trump administration on Chinese goods are already being felt by businesses and, soon, consumers. But while China is the United States’ single biggest trading partner, neighbors Canada and Mexico are a close second and third, and they combine for more than $1.1 trillion in annual trade. With the NAFTA-replacing USMCA enjoying bipartisan support, aggregate tariffs look certain to remain around historic lows.

Source: World Bank (most recent year available)

A version of this article appears in the January 2020 issue of Fortune with the headline “U.S. Tariffs Near Global, Historic Lows.”

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About the Authors
Nicolas Rapp
By Nicolas RappInformation Graphics Director
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Nicolas Rapp is the former information graphics director at Fortune.

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By Daniel Bentley
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