Differences in price don't have a linear effect, they have an exponential effect; they also have inertia as supplie chains shift and empty out, etc.

When applied it mans that the adjustments go: "Not enough, not enough, not enough, WAY TOO MUCH!" while there is a lag of months between cause and effect.

Perhaps 10% is too low, but it is a lot better than none. He also got the market panic out of the way and now the tariff is in place.

If in a year Trump wants to raise the tariffs to 12% (which would be a fucking huge jump) then it won't be a big deal. Not only that, if he signals the new tariff hike, he'll get companies to make plans to onshore supplies early.

Trumps strategy with the Tariffs has been a brilliant management of foreign relations and the media circus.

Yes, I hope he puts them up (even though I don't live in the USA, and it will hurt my country); but I am happy with the way things have gone.