Lates News

JPMorgan economists Michael Ferio and Abel Reinhardt released their latest research report, estimating that after President Trump's announcement this week, the average tariff rate in the United States will increase from the previous 13.4% to 14.6% as of August 1 for 14 countries. In addition, according to independent analysis from Deutsche Bank, the new average tariff rate may exceed 18%. Furthermore, JPMorgan also pointed out that if Trump continues to push forward with other potential trade measures, such as reinstating the retaliatory tariffs proposed in April against other countries, adding tariffs on copper products, or imposing tariffs on BRICS countries, the overall average tariff rate in the United States could increase by up to 6 percentage points.