Tariffs are already coming in higher than markets expected
Tariffs are already coming in higher than markets expected: Sevens Report President, Tom Essaye Quoted in MarketWatch
Stock futures point to declines as investors face tariffs ‘much higher than anything in decades’
“The reality is that tariffs are already coming in higher than markets expected and much higher than anything in decades,” Tom Essaye, founder and president of Sevens Report Research, said in a note Monday. “Vietnam signed a trade deal with 20% baseline tariffs and 40% tariffs on goods shipped to Vietnam (mostly from China),” he wrote. “That joins 30% Chinese tariffs, 10% UK tariffs and a soon-to-be host of other countries with tariffs.”
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