Canada ↔ average effective tariff rate

Relations (1)

cross_type 2.81 — strongly supporting 6 facts

Canada is directly linked to the average effective tariff rate (AETR) as it is a primary subject of economic modeling scenarios that calculate how specific tariff policies impact its AETR, as evidenced by [1], [2], [3], [4], [5], and [6].

Facts (6)

Sources

Tariffs: Estimating the Economic Impact of the 2025 Measures and ... richmondfed.org Federal Reserve Bank of Richmond 4 facts

measurementUnder the Richmond Fed's 'Scenario 2' tariff model, Canada's Average Effective Tariff Rate (AETR) increases to 11.9 percent, while Mexico's AETR rises to 15.5 percent.

measurementThe Richmond Fed's 'Scenario 2' economic model adds 25 percent tariffs on goods imported from Canada and Mexico that are not covered under the USMCA, resulting in an overall Average Effective Tariff Rate (AETR) increase from 7.1 percent to 10.4 percent.

measurementUnder the Richmond Fed's 'Scenario 3' tariff model, Mexico's Average Effective Tariff Rate (AETR) rises to 20.1 percent, Canada's AETR rises to 14.1 percent, and the European Union's AETR increases from 2.5 percent to 4.4 percent.

measurementIn Scenario 1, the Average Effective Tariff Rate (AETR) for Canada rises from 0.1 percent to 1.5 percent, and the AETR for Mexico rises from 0.2 percent to 2.8 percent.

Academic Paper: The Future of Trade Wars in Trump's Foreign Policy eng.alzaytouna.net Prof. Dr. Walid ‘Abd al-Hay · al-Zaytouna Centre 2 facts

measurementApplying 25% tariffs on imports from Canada and Mexico that fall outside the US-Mexico-Canada Agreement coverage raises the average effective tariff rate (AETR) to 10.4%.

measurementApplying 25% auto tariffs lifts the average effective tariff rate (AETR) to 12.4%, with country-level AETRs reaching 30% for Mexico and 20% for Canada.