According to ChainCatcher, "the Fed's mouthpiece" Nick Timiraos relayed Goldman Sachs' view that a significant reduction in tariffs on China would have a limited impact on the overall effective tariff rate, which is expected to decrease by less than 2 percentage points.
Nevertheless, the overall tariff level in the United States will still be significantly higher than the market's expectations at the beginning of the year, and the coverage will be broader.