The average US tariff rate might land around expectations ...Middle East

Some critical partners:

China 54%European Union 39%Japan 24%India 26%South Korea 25%Vietnam 49%

Equally critical is that Canada and Mexico remain at 0% rates on USMCA-compliant goods, which covers most trade between them and for some other trade is just a matter of paperwork.

All that said, these China tariffs alone are a big problem for consumer prices and could create some big problems, especially with Vietnam still in there (it was a trans-shipment hub).

This article was written by Adam Button at www.forexlive.com.

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