PARIS: The average US tariff rate has risen to 20.1 per cent, its highest level since the early 1910s – except for a brief spike earlier this year, after new duties took effect on Thursday (Aug 7), data from the World Trade Organization (WTO) and International Monetary Fund (IMF) showed on Friday. The figure is far above the 2.4 per cent average in place when President Donald Trump took office on Jan 20, 2017. Trump’s April 2 announcement of “reciprocal” tariffs on the United States’ main

Tag-uri: Donald Trump