Tariff Rates Analysis - The study indicates that the effective US tariff rate on Chinese goods prior to the Trump-Xi deal in Busan was 278%, significantly lower than the 570% figure quoted by Trump [1] - Post-deal, with a 10% reduction, the new effective US tariff on Chinese goods is estimated to be approximately 178%, contrasting with Trump's quoted 470% [2] - The discrepancy arises because the commonly cited rate is the statutory tariff rate, while the effective tariff rate accounts for exemptions on products like semiconductors, pharmaceuticals, and rare earths, reflecting tariffs actually paid by US consumers [3]

Trade Policy & Deadlines - The White House indicates the July 9th deadline for reciprocal tariffs may not be critical [1][3] - The President can offer countries a deal if they refuse to make one by the deadline [2] - The President can pick a reciprocal tariff rate advantageous for the United States and American workers [2] - The President believes he can issue a new tariff rate to any non-negotiating country, calling it a new trade deal [3] - Country-specific tariff rates, currently paused, are set to resume on July 9th according to existing executive orders [3][4] - The President needs to take proactive steps to prevent the tariffs from automatically reinstating [4] Market Reaction - There was no significant market response to the news regarding the potential delay or alteration of the July 9th tariff deadline [4]