Bloomberg's Chief Trade Economist Maeva Cousin said on Friday (August 1) that the new tax rate will cause the average tariff in the United States to soar from 2.3% in 2024 to 15.2%; the U.S. Gross Domestic Product (GDP) is expected to decline by 1.8% as a result, and will drive core prices up by 1.1% within two to three years.
Globally, higher import taxes will also weaken the demand of trading partners. #美国加征关税