According to Coin World News, citing estimates from BlueBay Asset Management of the Royal Bank of Canada, the United States has raised the global average tariff rate to about 18%. BlueBay's Chief Investment Officer Mark Dowding stated in a report that based on this assumption, BlueBay expects U.S. tariff annual revenue to be approximately $450 billion, with $77 billion in 2024, which is equivalent to 1.25% of GDP. Dowding said, 'In the coming year, this revenue should help reduce the U.S. fiscal deficit to slightly below 7% of GDP.'