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Catherine Rampell
crampell.bsky.social
did:plc:6m7rbdgaz5vyg4bnbefi7kh6
Do traders have Stockholm Syndrome? Rally today appears based on WSJ report that we might have "only" 50-65% tariff on Chinese goods.
That's still a huge effing tariff - roughly triple the average effective tariff rate on China last year. US companies still don't have margins to absorb this
2025-04-23T14:26:15.182Z