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IMF: US effective tariff rate has surpassed levels seen during Great Depression
April 23, 2025
|Business Standard
The effective tariff rate of the United States (US) has risen to its highest level in a century, surpassing levels seen during the Great Depression that began in 1929, the International Monetary Fund (IMF) said on Tuesday.
The Fund also said that the retaliatory measures from major trading partners have also significantly increased the global tariff rate.
In a blogpost titled 'The Global Economy Enters a New Era', the IMF said the global economic system under which most countries have operated for the past 80 years is being reset.
هذه القصة من طبعة April 23, 2025 من Business Standard.
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