JPMorgan economists Michael Feroli and Abel Reinhardt released their latest research report, estimating that after the tariffs announced by Trump this week, which will be imposed on 14 countries starting August 1, the average tariff rate in the United States will rise from the previous 13.4% to 14.6%. According to independent analysis by Commerzbank, the new average tariff rate could exceed 18%. Additionally, JPMorgan pointed out that if Trump continues to push for other potential trade measures, such as reinstating the reciprocal tariffs proposed in April, new tariffs on copper products, or imposing tariffs on BRICS countries, the overall average tariff rate in the United States could further increase by up to 6 percentage points.