I don't think putting a pause on retaliatory tariffs on North Macedonia, Fiji, Lichtenstein, and Chad is going to counteract the over 100% retaliatory tariffs on our biggest trading partner, China. Seems the markets are being a bit silly.
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Catherine Rampell
This is driving me crazy too. Not long ago 10% universal tariffs were considered the worst-case scenario, something even Trump wasn’t crazy enough to impose. Now have those PLUS 125% tariffs on China. Together, these raise raise inflation by about as much as original “Liberation Day” tariffs did!
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