According to a study released by the Yale Budget Laboratory in the US on the same day, tariffs will cause an average loss of 4,400 US dollars for American households. Researchers say the overall average effective tariff rate faced by American consumers is 25.3%, the highest level since 1909.

According to a study released by the Yale Budget Laboratory in the US on the same day, tariffs will cause an average loss of 4,400 US dollars for American households. Researchers say the overall average effective tariff rate faced by American consumers is 25.3%, the highest level since 1909.