With the spotlight back on US tariff policy after yesterday’s announcement of a 100% additional levy on China as of November (if not earlier), these two charts from the Wall Street Journal may be of interest. The first highlights the substantial increase in monthly revenue collected from tariffs. Given the persistent US fiscal deficit and high national debt (as detailed in yesterday's post), any administration would likely be hesitant to reverse a policy that already generates this level of budgetary receipts. The second illustrates the pre-Friday disparity in tariff rates the US applies on its major trading partners, ranked by total trade volume. This uneven landscape, if it persists or even increases, could well create second- and third-round economic effects. #economy #tariffs #trade #markets @wsj