Mind the Gap: Announced versus Implied Tariff Rates in Recent Trade Policy Episodes

Sydney Eck, Trang T. Hoang, Carter Mix and Madeleine Ray
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Trang T. Hoang: https://www.federalreserve.gov/econres/trang-t-hoang.htm
Carter Mix: https://www.federalreserve.gov/econres/carter-b-mix.htm

No 2026-04-08-3, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: In the past year, the U.S. has raised its tariffs on trading partners to a historic level. The tariff rate implied by actual tariff payments owed by importers, however, falls short of the tariff rate implied by announced policies (Gopinath and Neiman, 2026).

Date: 2026-04-08
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:103070

DOI: 10.17016/2380-7172.4023

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