It will suck on both sides, but the majority of American households can weather a $2-4k blow over the next year as supply chains react.
Congress stepping in to exclude Canada and Mexico and the NAFTA exemption cushions the blow significantly.
Most of Latin America being placed at the lower end of the announcement means manufacturers who used to be competitive until China Shock set around 2014-16 can be cost competitive again.
Other large markets like India, UK, and Vietnam are negotiating as well and India expects as Bilateral Trade Agreement to be closed by Aug-Oct.
Congress stepping in to exclude Canada and Mexico and the NAFTA exemption cushions the blow significantly.
Most of Latin America being placed at the lower end of the announcement means manufacturers who used to be competitive until China Shock set around 2014-16 can be cost competitive again.
Other large markets like India, UK, and Vietnam are negotiating as well and India expects as Bilateral Trade Agreement to be closed by Aug-Oct.