All the headlines are following Trump’s messaging of a “pause”, but the fact is that goods imported from practically every country in the world are taxed at 10% and Chinese goods at 125%. These damaging tariffs are all Trump’s doing. Nothing is “fixed”.
Advertise here with Carbon Ads
This site is made possible by member support. 💞
Big thanks to Arcustech for hosting the site and offering amazing tech support.
When you buy through links on kottke.org, I may earn an affiliate commission. Thanks for supporting the site!
kottke.org. home of fine hypertext products since 1998.
Beloved by 86.47% of the web.
Comments 2
I don't think people realize that in important respects tariffs are now higher & more inflationary than what was announced on last Wednesday.
Since then we've gone from 54% to 125% on China, our 3rd largest trading partner. That outweighs delaying the increases on 70+ others.
And since the beginning of the year have still added 10% across-the-board, 25% on non-USMCA Canada and Mexico, 25% on autos, 25% on steel and aluminum, etc. All of that is still with us.
Average tariff rates still the highest in over a century.
If you feel like this comment goes against the grain of the community guidelines or is otherwise inappropriate, please let me know and I will take a look at it.
This thread is closed for new comments & replies. Thanks to everyone for participating!