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Weirdly low tariff. When Trump is threatening some countries with 500% tariffs, it is absurd to think this low tariff means anything. It looks a lot more like capitulation. My feeling is that Trump is weak on China, and for suspicious reasons.
147 countries import oil from Iran. Whether the idiot in chief could name even one of them is debatable, but it does include a significant number of supposed US allies.
Confirming that tarrifs are not a financial instrument but a political one.