The trade-weighted average tariff in the United States has soared to 20.11%, reaching a 90-year high.

robot
Abstract generation in progress

On August 9, the tariff tracking tool jointly developed 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 has risen to 20.11%, significantly higher than the 2.44% at the beginning of the year. The data showed that the simple average tariff rate of the United States on all global goods rose from 2.08% at the beginning of the year to 17.39% on the 7th. The global trade affected has skyrocketed from $288.46 billion at the beginning of the year to the current $2.747 trillion. A report released by Yale University's Budget Lab on the 7th, 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.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
0/400
RugpullAlertOfficervip
· 9h ago
Is the U.S. going crazy for money?
View OriginalReply0
GetRichLeekvip
· 14h ago
Another round of huge losses is imminent, listen to my ironclad advice.
View OriginalReply0
ChainSherlockGirlvip
· 08-09 09:52
What bizarre plot is happening? Is this a reboot of the 18th-century trade war drama? According to my professional imagination, a major power play people for suckers film is coming.
View OriginalReply0
YieldHuntervip
· 08-09 09:50
technically speaking, this kinda feels like a liquidity trap smh... macro risk off season incoming
Reply0
screenshot_gainsvip
· 08-09 09:48
It's rolled up, isn't it?
View OriginalReply0
WenMoon42vip
· 08-09 09:48
Tariffs have risen again. Who loses and who wins?
View OriginalReply0
SigmaValidatorvip
· 08-09 09:31
Tsk tsk, the hedging sales level is rising.
View OriginalReply0
TooScaredToSellvip
· 08-09 09:23
Inflation is unbeatable.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)