Goldman Sachs: The significant reduction in tariffs on China has a limited impact on the overall effective tariffs in the United States

BlockBeats news, on May 12, 'Federal Reserve Mouthpiece' Nick Timiraos retweeted Goldman Sachs' view on social media: the significant reduction in tariff rates on China has a limited impact on the overall effective tariff rate in the United States.

The current effective tariff rate in the United States is expected to decrease slightly (by less than 2 percentage points) only due to the easing of tariffs on China. After considering this reduction, the overall tariffs in the United States will still be far higher than the market's expectations at the beginning of the year and will cover a broader range.