According to online reports, a tariff tracking tool jointly developed by the World Trade Organization and the International Monetary Fund showed that as of the 7th, the U.S. trade-weighted average tariff rate on all global products rose to 20.11%, significantly higher than the 2.44% at the beginning of the year. Data showed that the simple average tariff rate of the United States on all global goods rose from 2.08% at the beginning of the year to 17.39% on the 7th. The global trade volume affected has soared from US$288.46 billion at the beginning of the year to US$2.747 trillion currently. The Yale University Budget Laboratory, which has long tracked the impact of U.S. tariff policies, released a report on the 7th that with the further adjustment of U.S. tariff policies, its average effective tariff rate has now reached 18.6%, the highest level since 1933.