September 21, 2025 11:36 PM GMT Key Takeaways Consumer Retail | North America Tariff levies increase fivefold. Following the introduction of new rounds of tariffs by the current administration, the monthly duties levied have increased steadily from a ~$6bn monthly run-rate up until February 2025 to a $28bn tariff levy in July 2025, with further upside expected, raising the effective tariff rate across all imported goods to ~10% in July 2025 from ~2% prior to February 2025. Leveraging Department of Commerce ...