These tariffs look designed to rapidly eject the US from the global economic order and hand over the reins to China. Though saying they were "designed" at all seems extravagantly generous.
Which is to say, if this ridiculous tariffs goes on for long enough, its going to be there forever. So you guys are, ehem, fucked.
No they weren't. They were changed to 10%. Prior to all of this the average was 2.5%. So that's not a removal at all, but a rather large average increase even if you exclude the omglol China rate.
I assume there is some kind of divide and conquer going on.
Sadly that’s not even true. We still have excessively high tariffs on many shipments from Mexico and Canada. 25% for non-USMCA goods.
China, Canada, and Mexico are our 3 largest trading partners. The tariffs levied on them have an outsized effect on net tariff rates.