Sri Lanka, Aug. 4 -- Fitch Ratings has updated the U.S. Effective Tariff Rate (ETR) Monitor, its interactive tariff tool, reflecting the July 27 and July 31 announcements that set new reciprocal tariff rates for most trading partners. The U.S. effective tariff rate is now 17% - about 8 percentage points lower than our April 3, 2025, estimate when higher reciprocal tariffs were originally announced, but around 3 percentage points higher than our estimate at the end of June 2025.

The U.S. ETR of 17% reflects a 15% tariff rate on European Union goods, including auto and auto parts, and higher tariffs for major trading partners Brazil, Taiwan, India and Switzerland. The lower reciprocal tariffs on European Union goods, down from the 30% thre...