Great question. Many/most of the things you buy will be tariffed.
Some of the things you buy that are made in America, those companies purchase things from other countries. So the price is going to go up. It won't be called a tariff but your price will go up, dummy.
Estimates from 2022 show a simple average tariff of
5.25%, with over half of all tariff line items being duty-free. However, recent and significant tariff changes by the United States have dramatically altered these figures, especially concerning specific countries.
Before the major U.S. policy changes in 2025, global average tariff rates were much lower, reflecting decades of trade liberalization.
- Duty-free items: The majority of global trade line items, about 55.37% in 2022, were duty-free.
- Average effective tariff rate: As of August 7, 2025, the average effective U.S. tariff rate is estimated at 18.6%, with some experts projecting it could reach 18–20% later in the year. This is the highest average since 1933.
- Covered imports: Based on 2024 values, these new tariffs affect approximately 69% of all U.S. goods imports.
- Blanket tariff: Since April 2025, a baseline tariff of 10% has been applied to nearly all imports, with some sectoral exemptions.
- Country-specific tariffs:Higher rates apply to goods from specific countries, including:
- China: A baseline rate of 30%, with reports mentioning higher rates.
- Brazil: 50%
- Canada: 35%
- European Union: 15%
- India: 50%
- Vietnam: 20%
- Sector-specific tariffs:Some sectors face even higher duties:
- Steel, aluminum, and copper: 50%
- Automobiles and parts: 25%