‘No exception’: Trump tariff confusion grows

Today’s updates mostly concern the United States’ tariffs on China, which are of course far higher than those on other countries.

China was left out of Mr Trump’s 90-day pause, last week, on the vast majority of his so-called “reciprocal” tariffs. So the rate on its exports to the US is now 145 per cent, while for almost everyone else it’s at a baseline of 10 per cent.

However! After days of queasiness about the effect that extraordinarily high tariff rate would have on the price of electronic goods, such as smartphones and computer parts, on Friday the Trump administration quietl...
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