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Increased Baseline Tariffs: These agreements include broad tariffs that are significantly higher than previous rates, with the U.S. average tariff rate leaping from just over 2% at the end of last year to nearly 16% currently—an eightfold increase.
Limited Relief on Strategic Industries: Despite new treaties, there has been little to no reduction in tariffs on critical sectors such as steel and autos.
Investment and Liberalization Commitments: The agreements often feature substantial commitments from partner countries to invest in the U.S. and undertake unilateral trade liberalization measures.