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Originally Posted by Leondros
Speaking to Goldman and JP Morgan this morning both their ultimate bear models had far lower tariffs than what was actually presented. Not only that, their models did not predict such drastic tariffs on so many countries integral to US consumer products. The fact Taiwan (ignoring the fact that the US actually formally recognized them as a country on that board) was on there and a key strategic partner for the US in terms of national security and military was also a shock. The plan was just not well thought out by all metrics.
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No, it was certainly not well thought out. But the tariff revenue numbers they were throwing around well before the April 2nd announcement required a ridiculous level of tariffs, something to the tune of 15%. And from what I'm reading, that's about where the weighted effective tariff rate on all imports ends up with what they announced.