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 ...

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]