According to The Kobeissi Letter, President Trump's tariffs are poised to increase US tariff rates to the highest levels since 1969. The introduction of a new 10% tariff on China amplifies the impact of existing tariffs from previous trade conflicts under Trump's administration. When combined with tariffs on the EU, the overall tariff rate may reach levels not seen since the 1940s, which could significantly affect trade dynamics and market volatility.

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.