The document at Trump's tariff announcement puts China's tariff rate at 34%
That's a sliver of good news in an otherwise negative announcement on tariffs as there was talk it would be 50%. Now what's not clear is whether this new tariff is on top of tariffs like fentanyl (25%) that are already in place. That will be a critical detail.
Because if this is 34% in addition to what's already there, it rises to above 60%. Also notable is that this number is below Vietnam.
Another notable thing is that:
baseline 10% tariffs take effect April 5 higher reciprocal rates will take effect April 9 the higher rates apply to about 60 countries This article was written by Adam Button at www.forexlive.com. Read More Details
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