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The average tariff rate in the United States has surged to its highest level since 1933.
According to news from Hash World Chain, the data shows that as of the 7th, the trade-weighted average tariff rate imposed by the United States on global products has risen to 20.11%, significantly higher than the 2.44% at the beginning of the year. The simple bilateral average tariff rate increased from 2.08% at the beginning of the year to 17.39% on the 7th. The global trade affected has risen from $288.46 billion at the beginning of the year to the current $2.747 trillion. At the same time, a report from Yale University on the 7th pointed out that adjustments to U.S. tariff policy have caused its average effective tariff rate to reach 18.6%, the highest level since 1933.
#Cryptocurrency Blockchain #EconomicPolicy TradeTariffs #GlobalEconomy