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Incorrect.Well, this was quite a simplification. Here are the tariffs currently in place (not resting…)
10% General Import Tariff
Introduced on April 5, 2025.
Applies to all imported goods from all countries.
The aim is to address the large and persistent trade deficit.
The 10% baseline tariff is aimed at the tactic of China's...shipping product to other countries, the other country does something minor to the product and puts their own label on the product and then ships it to the US...thereby avoiding the high tariff that China would have incurred if they had directly shipped the product to the US.
You ignore the REASON the tariff on China may be reduced. That is important.145% Tariff on Chinese Goods
Introduced on April 9, 2025.
An escalation of the trade conflict with China.
Trump has indicated that this rate may be reduced "significantly," but not to zero.
Yes.25% Tariff on most goods from Canada and Mexico:
Introduced on March 4, 2025, after a brief pause in February.
And again, you ignore the reason for the pause and reintroduction.
Yes.25% Tariff on Imported Vehicles and Auto Parts
Applies to passenger cars, light trucks, and key components such as engines and transmissions.
Came into effect in March 2025.
Yes.25% Tariff on Steel and Aluminum
Reintroduced and expanded in March 2025.
Previous exemptions and exclusions have been revoked.
Now applies to all countries without exception.
All of the above tariffs are important for different reasons. They are not part of an overall world trade picture. When the reasons for the various tariffs change...resolved or not resolved...that affects when/if the tariffs are reduced or increased.
I think the problem you are having is that you think Trump's tariff decisions should be set and permanent. They are not. They are fluid and they are determined by the actions of other countries regarding their attitudes and agreements toward the US. You don't have to "keep track of what's what'. The countries that are targeted...China, for example...know exactly what's what.I reserve the right that there may be additional tariffs on other countries right now (today at 10:49 Swedish time). The US administration is a complete mess at the moment. Proposals aren’t really proposals, they’re decisions one moment, but not the next. Decisions aren’t really decisions, until suddenly they are and then they aren’t again. It’s hard to keep track of what’s what with all these shifting threats, deals, and off-the-cuff ideas. And by the way, China will not blink. Of that, I am sure. It's quite obvious to a history buff like me and it should be to anyone calling themselves the president of any country from the get go. And if it's not, the experts within the departments should inform him. But wait a minute... weren't they laid off and replaced with nutcases?
If China makes a good move, such as beginning trade negotiations, they will be rewarded. Their tariffs might be reduced a bit. If they make a bad move, such as retaliatory tariffs, they will be punished. Their tariffs might be increased. It's the same with other countries.