“If he does impose the additional 50%, US companies would pay a total rate of 104% on Chinese imports.”
This was the bit of information I was confused about before reading this article. I was under the impression that we were already charging over 50%, and for some reason I didn’t realize that we can charge more than a 100% tariff.
“If he does impose the additional 50%, US companies would pay a total rate of 104% on Chinese imports.”
This was the bit of information I was confused about before reading this article. I was under the impression that we were already charging over 50%, and for some reason I didn’t realize that we can charge more than a 100% tariff.
As others have already said, JFC we are cooked.