The average tariff rate in the United States has soared to the highest level since 1933

According to news from Hashi Chain and reports from Jinshi, data shows that as of the 7th, the trade-weighted average tariff rate for all products in the United States has increased to 20.11%, a significant rise from 2.44% at the beginning of the year. The simple bilateral average tariff rate for all goods in the United States has risen from 2.08% at the beginning of the year to 17.39% as of the 7th. The global trade volume affected has surged from $288.46 billion at the beginning of the year to the current $2.747 trillion. A report released by the Yale University Budget Lab on the 7th shows that with further adjustments to U.S. tariff policies, its average effective tariff rate has now reached 18.6%, the highest level since 1933.