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Trump's the tariff mix is actually worse after his latest cave in
SPX
Trump flip flopped on tariffs Wednesday:
Bloomberg have some eye-opening analysis:
We calculated that post Trump “put” today, the tariff mix is actually worse
China exports more consumer goods to US than other countries, so boosting that (to 125%) relative to others will boost the hit to consumption goods
More:
Average effective tariff rates are now 24% from 27% this morning. Still massively anti growth, pro inflation, and anti risk assets.
Source: Forex Live
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