Part 2/8:
Besson's announcement indicated that while the tariff adjustment is a positive step, it still leaves rates considerably higher compared to the pre-Trump era, where the tariff on Chinese goods stood at just 11%. With the inclusion of the remaining fentanyl-related tariff, the cumulative tariff effect comes to about 30%. Some analysts, such as those from Citibank, estimate that the overall tariffs on Chinese goods might hover around 39% when factoring in various increases over time.