Trump just announced all country tariffs will be paused for 90 days except for China whos stuck at 125% now. There will be a minimum 10% tariff applied during this 90 days pause.
And I'm thinking this is just what he planned out in advance. Not only did he get everyone to take his threat seriously, he actually collected tariffs. Now that everyone knows he's crazy enough to do this he graciously gave a pause and lowered all the tariffs except china to 10%, something a lot of these countries are now so happy for. And something they'll want to keep after 90 days
Interesting to see what China does next. Maybe release new covid
I think another aspect I've not seen anyone mention, maybe a minor one, is to shake out corruption in Customs enforcement.
Like I imagine inspectors are looking a lot closer at origin and what's in the containers than ever before while they're enforcing all these changes. The corrupt ones are worried about getting caught from closer and unexpected scrutiny. The lazy ones actually opening crates and looking inside.
And I don't know if there was really anything not tariffed before, but a blanket 10% minimum means everything gets looked at in some way, no exceptions.
Oh there was definitely stuff that didn't get tariffed unless it hit a certain amount. Like 3d printers from europe from personal experience. Probably a lot more