I think I saw this earlier as people were reading through the Federal Register and the latest executive order. The White House touted the rate as 125% but forgot the fentanyl rate of 20% so the total rate is now an eye-watering 145%.
The whole thing is essentially an embargo but there is room for negotiation before those actually hit as those don’t include shipments that are on water.
This article was written by Adam Button at www.forexlive.com.
