📊US Average Tariff Rate Soars to Historic High
The WTO & IMF tariff tracker shows that as of Aug 7, the US trade-weighted average tariff rate hit 20.11%, far above 2.44% at the start of the year.
The simple average tariff rate surged from 2.08% to 17.39%, with affected global trade volume jumping from $288.46B to $2.747T.
#Tariffs #US #WTO #IMF #Web3
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs. 
