Trump campaigned on promises of across the board 10 to 20% tariffs on imports, but of 60% and over on those from China./
JP Morgan cite "procedural reasons" for their assessment that the chances of a 10% across-the-board tariff in 2025 are low.
However, they say that China will face significantly higher tariffs.
Time to break out these old pics!
**
Its bipartisan, Biden's China tariffs, from earlier this year:
