China tariffs are 145%, not 125%
I think I saw this earlier as people were reading through the Federal Register and the latest executive order. The White House touted the rate as 125% but forgot the fentanyl rate of 20% so the total rate is now an eye-watering 145%.
The whole thing is essentially an embargo but there is room for negotiation before those actually hit as those don't include shipments that are on water.