April Macro Brief: Special edition Tariff distress

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primary bar-stacked paragraph source-note headline subtitle

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Action Titles slide · 90%

Title: '90-day pause... do not remove uncertainty around eventual future increases'.

Annotation slide · 70%

Callout flags Asian economies as biggest beneficiaries of exemptions.

Audience frame slide · 70%

Commentary on economic impact of tariffs on specific regions

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Share of US consumer electronics imports exempted from reciprocal tariffs share_penetration · 53.2%

The 90-day pause on part of the reciprocal tariffs and additional exemptions for consumer electronics provide some short-term reprieve, but do not remove uncertainty around eventual future increases

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The chart illustrates that Asian economies benefit most from the exemptions. Commentary box provides context on the April 9th tariff pause and the potential for future Section 232 tariff impacts.