Re:Trump temporarily drops tariffs to 10% for most countries
by Aurornis on Wednesday April 09, 2025 @03:46PM
(#43636897)
> It's still 10% for everyone but China.
There's actually some confusion about that. They said they paused the global tariffs but didn't mention the Canada and Mexico tariffs.
If the 10% global tariff is in addition to the Canada and Mexico tariffs, the net tariff rate on those countries could be quite high. Combined with 125% tariffs on China and we would have very burdensome tariffs on 3 of our largest trading partners.
The rally is because Trump caved to pressure and is backtracking earlier claims that he wasn't going to change his policy.
There's actually some confusion about that. They said they paused the global tariffs but didn't mention the Canada and Mexico tariffs.
If the 10% global tariff is in addition to the Canada and Mexico tariffs, the net tariff rate on those countries could be quite high. Combined with 125% tariffs on China and we would have very burdensome tariffs on 3 of our largest trading partners.
The rally is because Trump caved to pressure and is backtracking earlier claims that he wasn't going to change his policy.