The article discusses President Trump's continuation of tariffs, particularly a 25% levy on Canada and Mexico and an increased 20% tax on Chinese goods, despite pervasive concerns in the financial market. Businesses are reportedly in a state of paralysis, waiting for clearer trade policy direction from the White House. A report from the New York Fed raises doubts about the impact of tariffs, suggesting over $100 billion in imports are 'missing' in U.S. data, predominantly from China, indicating a potentially greater economic blowback from the new measures.
Many businesses are in paralysis, waiting to make a move until White House trade policy becomes clear.
Simply stated, the U.S. is saying it buys from China a lot less than what China says it is selling.
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