Reversing a 75-year trend of lower tariff rates, Team Trump’s tariffs are expected to take tariff rates to 8.4% this year, the highest since 1948 March 31, 2025 8:45 pm by Alex Reversing a 75-year trend of lower tariff rates, Team Trump’s tariffs are expected to take tariff rates to 8.4% this year, the highest since 1948 byu/RobertBartus inEconomyCharts See also 30-year Treasury yield surges to 5.14%, logging highest level in nearly two decades. Analysts declare federal budget metrics unsustainable. Target 6%?