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U.S. Tariff Rates Reach Historic Highs, WTO and IMF Report

09/08/2025 17:24

According to PANews, recent data from a tariff tracking tool developed by the World Trade Organization and the International Monetary Fund reveals a significant increase in the United States' trade-weighted average tariff rate. As of August 7, 2025, the rate has surged to 20.11%, a substantial rise from 2.44% at the beginning of the year. The simple average tariff rate on all U.S. global goods has also increased from 2.08% to 17.39% over the same period.The impact of these tariff changes is evident in the global trade volume affected, which has skyrocketed from $288.46 billion at the start of the year to $2.747 trillion currently. A report released on August 7 by Yale University's Budget Laboratory, which has been monitoring the effects of U.S. tariff policies over time, indicates that the average effective tariff rate has now reached 18.6%. This marks the highest level since 1933, reflecting the significant adjustments in U.S. tariff policies.

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