According to a report by Deep Tide TechFlow, JPMorgan economist Michael Feroli and Abel Reinharz released the latest research report estimating that after the tariffs announced by Trump this week, which will take effect on August 1 for 14 countries, the average tariff rate in the United States will rise from the previous 13.4% to 14.6%. Additionally, an independent analysis by Deutsche Bank suggests that the new average tariff rate could exceed 18%.
Furthermore, JPMorgan also pointed out that if Trump continues to push for other potential trade measures, such as reinstating the reciprocal tariffs proposed in April against other countries, adding tariffs on copper products, or imposing tariffs on BRICS countries, the overall average tariff rate in the United States could rise by as much as another 6 percentage points.
