According to ChainCatcher, Jin Shi cited estimates from BlueBay Asset Management of the Royal Bank of Canada that the United States has raised the global average tariff rate to around 18%. BlueBay's Chief Information Officer, Mark Dowding, stated that the annual revenue from U.S. tariffs is expected to be approximately $450 billion, while it will be $77 billion in 2024, equivalent to 1.25% of GDP. Dowding noted that this revenue will help reduce the U.S. fiscal deficit to slightly below 7% of GDP in the coming year.