According to The Kobeissi Letter, President Trump's new tariffs are projected to elevate US tariff rates to their highest levels since 1969. The implementation of a 10% tariff on China adds to existing tariffs, some of which originated from the previous Trump trade war. When considering additional tariffs imposed on the European Union, the overall US tariff rate could reach levels not seen since the 1940s. This development holds significant implications for trade strategies, particularly for those involved in importing goods from affected regions.