US Average Tariff Rate Don Pass 20%, Di Highest Since 1933
According to one WTO-IMF tool wey dey track tariff, as of August 7, US trade-weighted average tariff rate for all global products don jump reach 20.11%, from 2.44% for di start of di year. The simple average tariff rate too climb reach 17.39% from 2.08%. Di amount of trade wey dey affected increase from $288.46 billion to $2.747 trillion. Yale University’s Budget Lab talk sey US average effective tariff rate na 18.6%, di highest level since 1933. Dis fast increase for tariff rate show say US dey do aggressive trade policy adjustments and e get serious implications for global trade flows and inflation expectations.
Neutral
Di sharp rise for US tariff rates na big mata macroeconomic development wey fit make inflation high and disturb global trade, but e direct effect for cryptocurrency markets dey limited. Even though higher tariffs fit make dollar weak and make crypto dem sweet to use as inflation shield, historical kain like di 2018–2019 US–China tariff gbege get mixed results for digital assets. Traders suppose dey watch broader economic signs, but di tariff tori alone no too go fit make clear bullish or bearish trend for short time.