The U.S. trade-weighted average tariff has soared to 20.11%, reaching a 90-year high.

[Bitu] According to reports, the tariff tracking tool jointly developed 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 global products has risen to 20.11%, significantly higher than the 2.44% at the beginning of the year. Data indicates that the simple average tariff rate imposed by the United States on all global goods has increased from 2.08% at the beginning of the year to 17.39% on the 7th. The global trade volume affected has skyrocketed 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 Laboratory, which has been tracking the impact of U.S. tariff policies over the long term, shows that as U.S. tariff policies continue to adjust, the average effective tariff rate has now reached 18.6%, the highest level since 1933.