Jinshi Coin Insights: Impact of Rising U.S. Tariffs on Global Trade Dynamics

On July 9, JPMorgan economists Michael Feroli and Abel Reinhart published a detailed analysis forecasting that the recent tariffs announced by the U.S. administration will elevate the average tariff rate from 13.4% to 14.6% starting August 1. This adjustment reflects the impact of tariffs targeting 14 nations, signaling a notable shift in trade policy. Complementing this, Commerzbank’s independent evaluation suggests the average tariff could potentially surpass 18%, highlighting increased trade barriers. Furthermore, JPMorgan emphasized that if additional trade restrictions are enacted—such as reinstating reciprocal tariffs, imposing levies on copper products, or targeting BRICS countries—the overall U.S. tariff rate might escalate by an additional 6 percentage points. These developments underscore the evolving landscape of U.S. trade policy and its implications for global markets.

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