Average U.S. tariff rate remains highest since 1934

substantial progress has been made in the high-level economic and trade talks between China and the United States, and the market has also responded positively. However, according to the US media "Consumer News and Business Channel", due to the recent imposition of tariffs on almost all trading partners by the United States for various reasons, according to calculations by research institutions, the average tariff rate in the United States is still as high as 17.8%, the highest since 1934.