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Jack Salmon: Effective tariff rate in June was about minus 8 percent

Jack Salmon: Effective tariff rate in June was about minus 8 percent
Tariff rate negative, $26 billion refunds

Jack Salmon reports that the effective tariff rate in June was around minus 8 percent.

He adds that tariff refunds for that month were almost $26 billion, highlighting a significant financial movement related to trade policy.

Jack Salmon has previously commented on notable shifts in financial indicators. He reported that U.S. real interest rates fell sharply in late 2020 and later rebounded. Salmon has also highlighted that a one percentage point rise in gilt yields increases UK mortgage costs by about £100 per month.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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