Story perspectives

Tariff Rates Hit 1936 High, Businesses Struggle to Adapt

6/25/2025

45 9

Summary

Story summary

Consumers currently experience a 15.8% average effective tariff rate, the highest since 1936, expected to decrease to 14.7% as consumption changes.
The Federal Reserve indicates stagnant business activity and rising prices linked to tariffs, affecting manufacturers and retailers.
A KeyBank survey reveals 91% of businesses focus on managing tariff impacts, with 53% transferring costs to consumers.
CFOs express heightened pessimism about the economy, complicating long-term planning amid ongoing tariff uncertainties.

1 of 1

Story summary

Consumers currently experience a 15.8% average effective tariff rate, the highest since 1936, expected to decrease to 14.7% as consumption changes.
The Federal Reserve indicates stagnant business activity and rising prices linked to tariffs, affecting manufacturers and retailers.
A KeyBank survey reveals 91% of businesses focus on managing tariff impacts, with 53% transferring costs to consumers.
CFOs express heightened pessimism about the economy, complicating long-term planning amid ongoing tariff uncertainties.