The average tariff rate in the United States has risen significantly.

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On August 9, Jin10 reported 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 imposed by the United States on all products globally 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 imposed by the United States on all goods globally has increased from 2.08% at the beginning of the year to 17.39% as of the 7th. The trade volume affected globally has surged from $288.46 billion at the beginning of the year to the current $2.747 trillion. A report released by the Yale Budget Lab on the 7th, which has been tracking the impact of U.S. tariff policies over the long term, shows that as the U.S. tariff policy continues to adjust, its average effective tariff rate has now reached 18.6%, the highest level since 1933.

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