JPMorgan: Trump's new tariffs will raise the average tax rate in the U.S. to 14.6%

ChainCatcher news, according to Jinshi reports, JPMorgan economists Michael Feroli and Abel Reinhart released the latest research report, estimating that after the tariffs announced by Trump this week, which will take effect on August 1 for 14 countries, the average tariff rate in the United States will rise from the previous 13.4% to 14.6%.

Additionally, according to independent analysis from Deutsche Bank, the new average tariff rate could exceed 18%.

Furthermore, JPMorgan also pointed out that if Trump continues to push for other potential trade measures, such as reinstating the reciprocal tariffs proposed in April, adding tariffs on copper products, or imposing tariffs on BRICS countries, the overall average tariff rate in the United States could further increase by up to 6 percentage points.