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