Edit this postFITCH Says US tariffs now start at 10%, hitting 20% for EU imports and 64% for China. Asian economies face higher rates: Vietnam 46%, Thailand 36%, Taiwan 32%, India 26%, Korea 25%, Malaysia 24%, Japan 24%. Some sectors like Copper, Lumber, semiconductors and pharmaceuticals are excluded.
We estimate the changes will raise the overall US ETR to about 25%, which would be significantly higher than the 18% we had assumed for 2025 in the March GEO and the highest rate for more than 115 years.
We estimate the changes will raise the overall US ETR to about 25%, which would be significantly higher than the 18% we had assumed for 2025 in the March GEO and the highest rate for more than 115 years.
FITCH Says US growth in 2025 may slow below 1.7% due to higher tariffs, weakening consumer sentiment, and reduced spending.
Tariffs will raise prices, cut profits, and hinder investment, making the Fed cautious about rate cuts despite potential protection benefits.
US Commerce Secretary Lutnick: china has high tariffs but no inflation.
There's no chance Trump will back off tariffs.
Countries can fix non tariff trade barriers
What countries can do is stop exploiting us.
