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The average effective tariff rate in the United States has reached 18.6%, the highest level since 1933.
By: theblockbeats.news|2025/08/09 17:51:54
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BlockBeats News, August 9th. The tariff tracking tool jointly developed by the World Trade Organization and the International Monetary Fund showed that as of the 7th, the United States' trade-weighted average tariff rate on all products globally has risen to 20.11%, significantly higher than the beginning of the year at 2.44%. The data shows that the United States' simple average tariff rate on all products globally has increased from 2.08% at the beginning of the year to 17.39% on the 7th. The global trade volume affected has surged from $2.8846 trillion at the beginning of the year to the current $27.47 trillion. A report released by the Yale University Budget Lab on the 7th, which has been tracking the long-term impact of US tariff policies, shows that with further adjustments to US tariff policies, its current average effective tariff rate has reached 18.6%, the highest level since 1933. (Jinshi)
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