Trump’s triple-digit tariff actually cuts the most trading with China, says economists

President Donald Trumps Tariff increase from China, economist Erica York, will complete the country and the United States and the United States and the United States.

“If this tariff is applied or how widespread applicable, but you usually cut the triple-digit tariff,” said, “Vice President of the Federal Tax policy at the CNBC Federal Tax policy Center”Exchange“Thursday.” The companies can only be some of the things that need to raise the bill, but in most cases. “

The market came to the market that wipes several monster earnings on Wednesday. Sunday has accelerated the announcements after the CNBC’s Tariff Ratio once again in China’s Chinese goods on Thursday Now stands 145%. This sum total has recently been to 125%, 84% announced by Trump on Wednesday, as well as a task of 20% of the president’s previously entered into force.

York stressed that the market is still not clear that the market is still not clear.

It announced that Trump is Trump on Wednesday temporarily reduces tariff rates Imported from another country other than China, up to 90 days to 10%. Thursday, Presidential Cabinet refused to rule out the possibility of stretching 90-day fame.

Taking into account Chinese tariffs, the main 10% gripes and other sector tariffs, Trump still leads the country to the most protectionist positions of the pause.

“This will still have the average tariff rate due to the high levels we have not seen since the 1940s, so this is the basis,” economist added. “This is a great expense increase. This is an economic stroke. It is not to build us in a very good way.”

Tax Foundation estimates that all of the new Trump tariffs will be lead to an increase in federal tax revenues $ 171.6 billion for this year. This has announced the largest tax increase since Trump’s tariffs since 1993, and the institute is more than walking next to the former presidents George Hw Bush and Barack Obama.

There is Chinese He said he would not whip Trade dynamics should have become a trade war. A few hours ago from Trump’s tariff break announcement, China He raised the revenge recipients on US imports From 34% to 84% of which entered into force on Thursday.