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

[Coin World] On August 9, news emerged that the tariff tracking tool developed jointly by the World Trade Organization and the International Monetary Fund shows 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 indicates 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 trade volume affected globally surged from $288.46 billion at the beginning of the year to the current $2.747 trillion. A report released on the 7th by the Yale University Budget Lab, which has long tracked the impact of U.S. tariff policies, indicates that as U.S. tariff policies continue to adjust, its average effective tariff rate has now reached 18.6%, the highest level since 1933.