10% only applies to countries that have not retaliated. I assume (dangerous in these times) that any retaliation will cause reinstatement of the previous rates.
Well if the countries don't take any action, doesn't it mean that they believe current situation is better than any other choice (and anyway, the tariffs will be paid by American buyers) and therefore the previous tariffs were too low?
You’ve been repeating that a lot but as many people have corrected you, they’re nothing like this broad or high: only 1%, and that’s balanced by the EU’s trade deficit on services since we don’t make things like good cars for Europe but they buy a lot of software, entertainment, etc.
