JPMorgan Chase: Trump's New Tariff Will Raise US Effective Tax Rate to 14.6%

By: theblockbeats.news|2025/07/09 23:51:19

0

Share

BlockBeats News, July 9th: J.P. Morgan economists Michael Feroli and Abel Reinhard released their latest research report, estimating that following Trump's announcement this week to impose tariffs on 14 countries starting on August 1st, the average tariff rate in the United States will rise from the previous 13.4% to 14.6%. According to independent analysis from Deutsche Bank, the new average tariff rate could exceed 18%. Furthermore, J.P. Morgan also pointed out that if Trump continues to advance other potential trade measures, such as reinstating the reciprocal tariffs proposed in April against other countries, adding new tariffs on copper products, or imposing tariffs on BRICS countries, the overall average tariff rate in the United States could further increase by up to 6 percentage points. (FX678)

You may also like

Morning News | Bitmine issues preferred shares to raise $300 million; Polymarket accuses Kalshi of industrial espionage

Morning News | Bitmine issues preferred shares to raise $300 million; Polymarket accuses Kalshi of industrial espionage

Overview of Important Market Events on June 4th

Privacy coin trust crisis! ZEC plummets over 56% in a single day

Privacy coin trust crisis! ZEC plummets over 56% in a single day

The recent increase in ZEC is nearly 3 times, and the vulnerability news may have just provided an opportunity to exit.

Who is leading the price discovery in the cryptocurrency market? Measured delays on platforms like Binance and Hyperliquid

Who is leading the price discovery in the cryptocurrency market? Measured delays on platforms like Binance and Hyperliquid

There is a saying circulating on crypto Twitter: Hyperliquid has replaced Binance and become the center of crypto price discovery. Arrakis conducted a cross-platform test using the tick-by-tick transaction data from 29 perpetual markets, and the truth lies within milliseconds.

Anthropic launches IPO: Business miracle or valuation bubble?

Anthropic launches IPO: Business miracle or valuation bubble?

Human economy is transitioning from a carbon-based drive to a dual-engine drive of carbon-based and silicon-based, which is what is truly happening behind Anthropic's IPO.

What Is SpaceX IPO and Why Is Everyone Talking About It?

What Is SpaceX IPO and Why Is Everyone Talking About It?

What is SpaceX IPO? Learn why investors are watching SpaceX's potential $1.77 trillion public debut, from Starlink and AI to Mars ambitions, valuation risks, and pre-IPO trading opportunities.

Macroeconomic Analysis of the African Payment Market Landscape

Macroeconomic Analysis of the African Payment Market Landscape

Why mobile payments and cryptocurrencies thrive in the absence of banks

Morning Report | Coinbase Ventures makes its first investment in ENA; SpaceX plans to set the IPO price at $135 per share

Morning Report | Coinbase Ventures makes its first investment in ENA; SpaceX plans to set the IPO price at $135 per share

Overview of Important Market Events on June 3rd

Full text and analysis of the speech by the CEO of SanDisk at the 42nd Annual Strategic Decision Conference of Bernstein

Full text and analysis of the speech by the CEO of SanDisk at the 42nd Annual Strategic Decision Conference of Bernstein

The core value of Goeckeler's speech lies in its provision of a highly transparent and logically clear narrative framework for corporate transformation.

Bitcoin Price Prediction 2030: Ark Invest Forecasts $710K

Bitcoin Price Prediction 2030: Ark Invest Forecasts $710K

Explore Ark Invest and Standard Chartered bitcoin price prediction 2030 forecasts, plus key risks and how to position your portfolio. Full analysis on WEEX.

WEEX Review 2026: Fees, Security and Trading Features

WEEX Review 2026: Fees, Security and Trading Features

Read our in-depth WEEX review covering fees, security, copy trading, and 400x leverage. See how it compares to Binance and Bybit. Full analysis on WEEX.

SOL Price Today: Live Solana Price, Charts & Market Data

SOL Price Today: Live Solana Price, Charts & Market Data

Find the SOL price today with real-time data, plus key drivers behind Solana's movement and actionable trading tips. Read the full analysis on WEEX.

What Is a Bitcoin ETF: Spot vs Futures Explained

What Is a Bitcoin ETF: Spot vs Futures Explained

Learn what a Bitcoin ETF is, how spot vs. futures ETFs work, and why institutional inflows are reshaping BTC in 2026. WEEX analysis.

Why Is Bitcoin Dropping 15% While Nasdaq Hits Record Highs?

Why Is Bitcoin Dropping 15% While Nasdaq Hits Record Highs?

Bitcoin plunges 15% to $66K amid geopolitical tension fears while Nasdaq soars to all-time highs. Analysis of macroeconomic drivers, ETF flows, retail vs. whale behavior, and the hidden correlation between crypto and stocks.

Morning Report | Robinhood completes acquisition of WonderFi for $180 million; Anthropic submits IPO draft application to SEC confidentially; Google plans to raise $80 billion in financing

Morning Report | Robinhood completes acquisition of WonderFi for $180 million; Anthropic submits IPO draft application to SEC confidentially; Google plans to raise $80 billion in financing

Overview of Important Market Events on June 2nd

WSJ: Hyperliquid is becoming Wall Street's crypto "convenience store"

WSJ: Hyperliquid is becoming Wall Street's crypto "convenience store"

Hyperliquid has become a 24/7 trading venue, with more and more traditional and cryptocurrency traders flocking to the platform to bet on almost all assets.

Why do I still have confidence in ETH?

Why do I still have confidence in ETH?

As stablecoins and RWAs accelerate on-chain, Ethereum's role as a global value settlement layer has only just begun, and the market will eventually reprice ETH.

CRCL surges and plummets, COIN follows with a dive: The real battle for interests behind the CLARITY Act

CRCL surges and plummets, COIN follows with a dive: The real battle for interests behind the CLARITY Act

The leak of the CLARITY bill draft has triggered a plunge in Circle and Coinbase, directly hitting the core provision of the stablecoin "ban on interest," revealing the deep political and economic game in Washington's strict prevention of stablecoins evolving into on-chain savings accounts and the c...

Tokenized US stocks are not the "liquidity killer" of the crypto market

Tokenized US stocks are not the "liquidity killer" of the crypto market

"As garbage coins are gradually eliminated, the protocols, infrastructure, and financial products that can truly create value have the opportunity to obtain a more reasonable valuation."

Morning News | Bitmine issues preferred shares to raise $300 million; Polymarket accuses Kalshi of industrial espionage

Overview of Important Market Events on June 4th

Privacy coin trust crisis! ZEC plummets over 56% in a single day

The recent increase in ZEC is nearly 3 times, and the vulnerability news may have just provided an opportunity to exit.

Who is leading the price discovery in the cryptocurrency market? Measured delays on platforms like Binance and Hyperliquid

There is a saying circulating on crypto Twitter: Hyperliquid has replaced Binance and become the center of crypto price discovery. Arrakis conducted a cross-platform test using the tick-by-tick transaction data from 29 perpetual markets, and the truth lies within milliseconds.

Anthropic launches IPO: Business miracle or valuation bubble?

Human economy is transitioning from a carbon-based drive to a dual-engine drive of carbon-based and silicon-based, which is what is truly happening behind Anthropic's IPO.

What Is SpaceX IPO and Why Is Everyone Talking About It?

What is SpaceX IPO? Learn why investors are watching SpaceX's potential $1.77 trillion public debut, from Starlink and AI to Mars ambitions, valuation risks, and pre-IPO trading opportunities.

Macroeconomic Analysis of the African Payment Market Landscape

Why mobile payments and cryptocurrencies thrive in the absence of banks

Popular coins

Latest Crypto News

04:45

The probability of the Federal Reserve maintaining interest rates in June is 96.4%, and the probability of a rate hike in July is 8.2%

According to Jinshi, the CME "FedWatch" shows that the probability of the Federal Reserve keeping interest rates unchanged until June is 96.4%, and the probability of a cumulative rate cut of 25 basis points is 3.6%. By July, the probability of keeping interest rates unchanged is 88.5%, the probabil...

04:45

The US dollar index fell to 99.419, while the exchange rates of the euro and the pound rose

According to Jinshi reports, the dollar index, which measures the dollar against six major currencies, fell by 0.11% on June 5, closing at 99.419 in the foreign exchange market. 1 euro exchanged for 1.1614 dollars, up from 1.1598 dollars the previous trading day; 1 pound exchanged for 1.3425 dollars...

04:45

White House crypto advisor supports the Clarity Act, stating it is beneficial for regulation and law enforcement

The U.S. cryptocurrency market structure bill, the "Clarity Act," is a "support for regulation, support for enforcement" bill that rebuts criticisms from some law enforcement agencies regarding its inadequacy in preventing financial crimes. As the midterm elections approach, the time window for Cong...

04:45

Data: The wallet related to "7 Siblings" purchased 32,900 ETH, while another dormant whale sold 10,000 ETH after 3 years

According to Onchain Lens monitoring, some whales are buying ETH, while others are selling. The wallet associated with '7 Siblings', '0x466', borrowed 60 million dollars to purchase 32,919 ETH at a price of 1,762 dollars, using 58 million dollars. This wallet still has 2 million dollars in unfilled ...

04:45

JPMorgan, Citigroup, and other major banks plan to jointly launch a tokenized deposit network next year to compete against stablecoin competition

According to The Wall Street Journal, several large banks in the United States plan to launch a tokenized deposit network next year, aimed at addressing the threat posed by stablecoins and cryptocurrency companies that have accelerated their penetration into traditional banking with the support of t...