📊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
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