Trade and Tariffs
Why this is rated unknown
The average effective tariff rate could not be verified from available sources within this research run, so the status is set to unknown per methodology. Census data shows the goods deficit widened from $101.1 billion in June to $118.9 billion in July 2026. USTR announcements indicate ongoing tariff actions including Section 338 measures against Canada and U.S.-China Board of Trade recommendations.
Unknown: Data is missing, delayed, or too stale to assess. Methodology
What is this?
Tariffs are taxes on things we buy from other countries.
How it's doing: We don't have new enough information to tell.
About this area
Tracks tariffs, the trade balance, and the status of trade negotiations.
Indicators
Latest readings. Changes are shown without judgment of whether up or down is better.
| Indicator | Latest |
|---|---|
Average effective tariff rate Could not be verified from available sources in this research run Source: Office of the U.S. Trade Representative | unknown |
Goods trade balance Monthly goods trade balance, seasonally adjusted, July 2026 Source: U.S. Census Bureau | −$118.9B |
Timeline of developments
U.S.-China Board of Trade announces recommendations (opens original release)
The U.S.-China Board of Trade recommended $30 billion of trade in non-sensitive goods on each side that could benefit from more favorable tariff treatment.
Source: Office of the U.S. Trade RepresentativeSection 338 actions taken against Canada (opens original release)
President Trump exercised authority under Section 338 to ban certain Canadian products and modify tariff scope in response to Canada's continued retaliation.
Source: Office of the U.S. Trade Representative
Sources and citationsWhere this info comes from
- 1.Press releases
Office of the U.S. Trade Representative. Accessed Sep 27, 2026.
- 2.U.S. International Trade in Goods and Services (current release)
U.S. Census Bureau. Accessed Sep 27, 2026.
See something that looks wrong? Report an inaccuracy