You Can NOT Be Serious!: John Authers

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Today’s Points:

• The blanket versus reciprocal tariffs debate has been resolved: Both
• 10% blanket tariffs on all imports, starting April 5.
• Tariffs of 54% on China, 20% on the EU, 24% on Japan, 26% on India, from April 9.
• Mexico and Canada avoid new tariffs for now.
• The UK escapes with a 10% tariff — a Brexit dividend at last.
• China and small Asian countries like Vietnam seem the worst affected.
• The initial market reaction is very, very negative.
• AND: The doors we never opened into the ...