> Only on China, the rest were largely removed.
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.
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.
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.
I assume there is some kind of divide and conquer going on.