Um......that graph is a bit disingenuous, isn't it?
#1...it's for next year. That's a long ways off.
#2....from that graph's webpage......below is a breakdown of where increases/decreases come from.
Among other things, it assumes the 60% tariff on China - which Trump has been backing off of strongly.*
View attachment 48784
*SINGAPORE: From threatening a 60 per cent tariff on Chinese imports during his election campaign to talking about a far lower rate of 10 per cent after his inauguration, then saying he would
“rather not” impose them at all, just days later.
Experts say regardless of the US president’s latest manoeuvres, a hanging sword dangles over the US-China trade war that is expected to intensify, with semiconductor microchips in the crosshairs.
www.channelnewsasia.com