The first signs of guidance on how tariffs could play out over the next few months was issued this week by a leading expert on US trade policy.
At a webinar organised by the European Shippers’ Council (ESC), Eugene Laney, CEO of the American Association of Importers and Exporters (AAIE), said his organisation was beginning to get a sense of where US tariff levels will eventually settle.
With the 90-day pause of the US’s so-called reciprocal tariffs on its trade with the rest of world set to expire on 9 July, and the 90-day window of reduced tariffs between China and the US due to expire on 12 August, Mr Laney said: “We really believe the place that they’re going to settle on 9 July will be 50% for China and 10% for everyone else.
“But, of course, all of this can change, as we’ve seen over the last few weeks,” he added.
