Goldman Sachs: Significant Reduction in US Tariffs on China Has Limited Impact on Overall US Effective Tariffs

BlockBeats News, May 12th, The "Fed Whisperer" Nick Timiraos retweeted Goldman Sachs' view on social media: The significant reduction of U.S. tariffs on China has a limited impact on the overall effective U.S. tariff rate.

It is expected that the current effective U.S. tariff rate will only decrease slightly due to the relaxation of Chinese tariffs (by less than 2 percentage points). After considering this modest reduction, the U.S.'s total tariffs will still be significantly higher than market expectations at the beginning of the year and will cover a wider range of products.