President Trump’s Tariffs Proceed with Intensity

As of August 1, 2025, President Trump’s tariffs proceed with intensity estimating that the average rate is now 15.2%, well above last year’s 2.3% and the highest level since World War II. A special tariff rate of 50% will apply in three weeks to India as punishment for purchasing oil from Russia.  Additionally, President Trump proposes a 100% semiconductor tariff that he says would not apply to companies investing in U.S. operations like Apple. Finally, President Trump plans to impose tariffs on imported medicine.