US EditionSix Minute Strategy: The ever-changing tariff agenda - Sarasin & Partners UK
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Six Minute Strategy: The ever-changing tariff agenda - Sarasin & Partners UK
America’s tariff walls have not loomed so high in over a century. Just twelve months ago, the US maintained a trade-weighted average tariff of a modest 2.2%. Today, that figure has surged to between 22% and 24%, surpassing even the protectionist excesses of the 1930s and the notorious Smoot-Hawley Act. Meaningful discussions are now underway it seems between the White House and most major trade partners, including, we think, China, and a fresh d…
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