According to the latest data from a tariff tracking tool developed by the World Trade Organization (WTO) and the International Monetary Fund (IMF), the United States’ trade-weighted average tariff rate has soared to 20.11% as of August 7, 2025 — a dramatic increase from 2.44% at the start of the year.
Similarly, the simple average tariff rate on all U.S. global goods climbed from 2.08% to 17.39% over the same period. This unprecedented shift in trade policy has had a profound impact on global commerce, with the trade volume affected surging from $288.46 billion in January to $2.747 trillion today.
A separate report by Yale University’s Budget Laboratory, which tracks the long-term effects of U.S. tariff measures, confirms that the average effective tariff rate now stands at 18.6%, marking the highest level in over 90 years. This milestone underscores the sweeping changes in U.S. trade policy and their far-reaching implications for global markets. #USFedNewChair