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The average effective tariff rate in the United States has reached 18.6%, the highest level since 1933.
On August 9, the tariff tracking tool developed jointly by the World Trade Organization and the International Monetary Fund showed that as of the 7th, the trade-weighted average tariff rate of the United States on all global products rose to 20.11%, significantly higher than the 2.44% at the beginning of the year. The data indicated that the simple average tariff rate of the United States on all global goods increased from 2.08% at the beginning of the year to 17.39% on the 7th. The global trade volume affected soared from 288.46 billion dollars at the beginning of the year to currently 2.747 trillion dollars. A report released on the 7th by the Yale University Budget Lab, which has long tracked the impact of U.S. tariff policies, indicated that as U.S. tariff policies further adjust, its average effective tariff rate has now reached 18.6%, the highest level since 1933. ( Jin10 )