TechFlow, July 9 — According to Jinshi Data, JPMorgan economists Michael Feroli and Abel Reinhardt released a new research report estimating that after incorporating the tariffs announced by Trump this week and set to take effect on August 1 against 14 countries, the average U.S. tariff rate will rise from the previous 13.4% to 14.6%. Meanwhile, independent analysis by Commerzbank suggests the new average tariff rate could exceed 18%. Additionally, JPMorgan noted that if Trump continues advancing other potential trade measures—such as reinstating the reciprocal tariffs proposed in April against other countries, imposing new tariffs on copper products, or levying tariffs on BRICS nations—the overall average U.S. tariff rate could rise further by up to 6 percentage points.
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