Tariff Turbulence: What To Watch, Including Possible Constraints
Source: SeekingAlpha
2025-04-08 02:30:00 ET
Summary
- Despite the significant market drawdown, the White House has remained defiant that the 10% 'baseline' U.S. tariff on all countries that came into effect on Saturday and the upcoming individualized reciprocal higher tariffs are here to stay.
- As of now, deficits are on track to be around ~6.5% or 7% of GDP, according to the Congressional Budget Office.
- While there are likely to be head-fakes and twists and turns, we think people should focus on the final destination, which is higher tariffs.
By Libby Cantrill
Despite the significant market drawdown, the White House has remained defiant that the 10% "baseline" U.S. tariff on all countries that came into effect on Saturday and the upcoming "individualized reciprocal higher tariffs," which are set to come online on Wednesday (9 April) on 60+ countries, are here to stay. This would raise the effective average U.S. tariff rate to approximately 25% (up from roughly 3% previously) if all tariffs stick....
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Tariff Turbulence: What To Watch, Including Possible Constraints
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