JPMorgan economists confirm the United States will increase average tariff rates from 13.4% to 14.6% effective August 1, targeting imports from 14 specific countries. This adjustment signals a notable shift in U.S. trade policy toward heightened protectionism.
Commerzbank analysis suggests the average tariff could exceed 18% following future adjustments, substantially elevating trade barriers. The changes are anticipated to disproportionately affect BRICS member nations amid broader escalation of U.S. import duties.
The tariff revision reflects intensifying trade policy measures that may reshape international supply chains and impact global economic relations with the targeted countries.