The average U.S. tariff rate has skyrocketed significantly
2025-08-09 09:26:41
According to the tariff tracking tool jointly developed by the World Trade Organization and the international monetary fund, as of the 7th, the trade-weighted average tariff rate of the United States on all products around the world rose to 20.11%, significantly higher than the 2.44% at the beginning of the year. The data show that the simple average tariff rate of the United States on all goods around the world rose from 2.08% at the beginning of the year to 17.39% on the 7th. The global affected trade volume soared from $2884.6 billion at the beginning of the year to the current $2.747 trillion. The Yale University Budget Lab, which has long tracked the impact of the US tariff policy, released a report on the 7th showing that with the further adjustment of the US tariff policy, the average effective tariff rate has now reached 18.6%, the highest level since 1933.
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