Discussion Paper
Mind the Gap: Announced versus Implied Tariff Rates in Recent Trade Policy Episodes
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).
https://doi.org/10.17016/2380-7172.4023
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https://www.federalreserve.gov/econres/notes/feds-notes/mind-the-gap-announced-versus-implied-tariff-rates-in-recent-trade-policy-episodes-20260408.html
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Bibliographic Information
Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: FEDS Notes
Publication Date: 2026-04-08
Number: 2026-04-08-3