Chart 14: US tariffs have decreased from their peak in 2025 https://www.bankofcanada.ca/?p=252550 Lower range of the scenarios in the July 2025 Report Lower range of the scenarios in the July 2025 Report Upper range of the scenarios in the July 2025 Report Upper range of the scenarios in the July 2025 Report January Report January Report April Report April Report 826129 01011 24552311 1281111 21265 0411