International trade agreements, such as the General Agreement on Tariffs and Trade, reduced global tariffs from an average of around 20 percent in 1947 to below 5 percent following the 1994 Uruguay Round.

Authors

• Person: Not available Organization: Federal Reserve Bank of Richmond
  Tariffs: Estimating the Economic Impact of the 2025 Measures and ...

Sources

• Tariffs: Estimating the Economic Impact of the 2025 Measures and ... www.richmondfed.org Federal Reserve Bank of Richmond via serper

Referenced by nodes (2)

• tariff concept
• General Agreement on Tariffs and Trade concept