X @Nick Szabo

RT Arnaud Bertrand (@RnaudBertrand)This is fascinating: the effective US tariff rate on China is more than twice lower the rate reported in the media and quoted by Trump.The Budget Lab at Yale University did a detailed study (link: https://t.co/xOBGRVW1n2) of the average tariffs that were ACTUALLY applied on Chinese PRIOR to the Trump-Xi deal in Busan and found it was 27.8% (as opposed to the 57% figure quoted by Trump).Which means, give or take, that the new effective U.S. tariff on Chinese goods after the ...