STUDY: Average U.S. Tariffs Increased From 1.5% to 28%, Now Comparable to Rates in Iran and Sudan

By and

US Economic Freedom in a Trade War: Economic Freedom of the World 2025 Pre-release

  • President Trump claims that the United States has been “ripped off by virtually every country in the world.” With the exception of China, every country Trump has singled out for treating America unfairly is more open to trade than the United States itself.
  • In 2023, the US ranked 56th out of 165 countries for its freedom to trade. While US tariffs were low before Trump came to office, it still imposed rigid controls on the movement of people and capital, making it more difficult for Americans to do business with foreigners.
  • At one point in April 2025, the President’s trade war pushed the average US tariff rate up to 28 percent, giving the US the second-highest tariff rate in the world, just ahead of Sudan and Djibouti.
  • Gross Domestic Product (GDP) per person in the 15 countries with the lowest tariffs is 4.5 times greater than in the 15 countries with the highest tariffs (US$43,502 vs. $9,703).
  • Trump’s tariffs drop the US from 56th to 76th place in the world in terms of freedom to trade and nearly knock it out of the top 10 in terms of total economic freedom.

Get the Latest US Focused Energy News Delivered to You! It’s FREE:


Share This:


More News Articles

 

  • Related Posts

    US Drillers Add Oil and Gas Rigs for First Time in Three Weeks, Baker Hughes Says

    (Reuters) – U.S. energy firms this week added to the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes…

    BP Names Carol Howle as Deputy CEO, to Oversee Portfolio Review, Strategy

    (Reuters) – BP named Carol Howle as deputy chief executive on Thursday and said she would oversee the company’s ongoing portfolio review and strategy development. Howle, who served as interim…

    Have You Seen?

    US Drillers Add Oil and Gas Rigs for First Time in Three Weeks, Baker Hughes Says

    • April 2, 2026
    US Drillers Add Oil and Gas Rigs for First Time in Three Weeks, Baker Hughes Says

    UK Hosts 36-Country Summit to Reopen Strait of Hormuz

    • April 2, 2026
    UK Hosts 36-Country Summit to Reopen Strait of Hormuz

    Microsoft in Talks With Chevron, Engine No. 1 Over $7 Billion Texas Power Plant

    • April 2, 2026
    Microsoft in Talks With Chevron, Engine No. 1 Over $7 Billion Texas Power Plant

    US Not Engaged in Any Talks About New Oil Stocks Release, Official Says

    • April 2, 2026
    US Not Engaged in Any Talks About New Oil Stocks Release, Official Says

    BP Names Carol Howle as Deputy CEO, to Oversee Portfolio Review, Strategy

    • April 2, 2026
    BP Names Carol Howle as Deputy CEO, to Oversee Portfolio Review, Strategy

    Trump Speech Unleashes More Pain on US Consumers With $5 Gasoline, Record Diesel in Sight

    • April 2, 2026
    Trump Speech Unleashes More Pain on US Consumers With $5 Gasoline, Record Diesel in Sight

    Australia Considers Emergency Powers to Protect Domestic Gas Supply

    • April 2, 2026
    Australia Considers Emergency Powers to Protect Domestic Gas Supply

    DOE’s Section 202(c) Emergency Orders Since May 2025: 43 and Counting

    • April 2, 2026
    DOE’s Section 202(c) Emergency Orders Since May 2025: 43 and Counting

    Artemis II sets off on cryogenics-fuelled Moonshot

    • April 2, 2026
    Artemis II sets off on cryogenics-fuelled Moonshot

    Oil Surges on Fears of Prolonged War

    • April 2, 2026
    Oil Surges on Fears of Prolonged War