Tariffs near 17% as 2025 ends — BofA CEO Moynihan sees easing to 15% in 2026
NEW YORK, December 31, 2025, 07:31 ET The average effective U.S. tariff rate has climbed to almost 17% as 2025 closes, up from around 2.5% a year ago, a level not seen since 1935. Reuters That matters for consumers and