Tariff war: US average duty hits 20.1%, highest since 1910s; WTO & IMF warn of global trade rollback
The average US tariff rate has climbed to 20.1%, its highest sustained level since the 1910s, according to new estimates released by the World Trade Organization (WTO) and the International Monetary Fund (IMF) on Friday. The sharp rise follows fresh duties that took effect Thursday, as part of President Donald Trump’s continued push for “reciprocal”…
