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Strategy Insight

Tariff Man Returns: Implications For Europe

by Jeremie Peloso, Chief Strategist  

The Section 122 tariffs under the US Trade Act of 1974 are more favorable to Europe; the trade-weighted tariff rate falls to 10.45%, from 11.74% pre-ruling. This positive development does not change our overall views on Europe, as we expected lower tariffs ahead of the US midterms. 

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