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Oxford Economics Warns U.S. Tariffs Could Approach 20% If China Duties Rise

Economist Michael Pearce estimates current U.S. tariffs average around 15%, with proposed increases on China potentially pushing the rate near 20%.

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Terms & Concepts
  • Tariff Rate: The percentage tax imposed by a government on imported goods, affecting trade costs and economic relationships between countries.
  • Oxford Economics: A global economic advisory firm providing data, analysis, and forecasts on macroeconomic trends, policy changes, and market impacts.