The average effective tariff rate in the United States has reached 18.6%, the highest level since 1933.

September 8th. The tariff tracking tool jointly established by the World Trade Organization and the International Monetary Fund indicates that by the 7th, the United States' trade-weighted average tariff rate on all global products has risen to 20.11%, which is notably higher than the 2.44% at the beginning of the year. The data reveals that the United States' simple average tariff rate on all global products has increased from 2.08% at the start of the year to 17.39% on the 7th. The global trade volume affected has soared from $2.8846 trillion at the beginning of the year to the current $27.47 trillion. A report issued by the Yale University Budget Lab on the 7th, which has been monitoring the long-term impact of US tariff policies, shows that with the continuous adjustment of US tariff policies, its current average effective tariff rate has reached 18.6%, the highest level since 1933. (Jinshi)