Recent data shows that the United States' trade policy is undergoing significant changes. As of this week, the trade-weighted average tariff rate on global products in the U.S. has risen to 20.11%, a substantial increase from the 2.44% level at the beginning of the year. At the same time, the simple bilateral average tariff rate on global goods in the U.S. has surged from 2.08% at the beginning of the year to 17.39%.

The impact of this policy adjustment is extremely broad, with the affected global trade volume skyrocketing from $288.46 billion at the beginning of the year to the current $2.747 trillion, demonstrating the far-reaching effects of changes in U.S. tariff policy.

The latest report released by the Yale University Budget Lab further confirms this trend. The report points out that as the United States continues to adjust its tariff policies, the current average effective tariff rate has reached 18.6%. This figure not only marks a significant increase in recent times but is also the highest level since 1933, reflecting that U.S. trade policy is undergoing the most drastic changes in nearly a century.

The significant adjustment of this tariff policy will undoubtedly have a profound impact on the global trade landscape. It not only changes the economic relationship between the United States and its trading partners but may also trigger a global reassessment of trade policies. Governments and businesses around the world need to closely monitor this trend and adjust their international trade strategies accordingly.