It may have been worse, however it’s nonetheless not good. Many firm bosses may have been relieved at Donald Trump’s 90-day delay in imposing “reciprocal” tariffs on imports to America from most international locations, introduced on April ninth. However a fundamental levy of 10% nonetheless applies. And the pause is not going to lengthen to international locations which have dared to retaliate. This consists of China, which raised tariffs on American items to 84%, and now faces a tariff of 125%.
