The fact that last year we had an effective rate about 2 1/2 percent. I think the Yale Budget Lab, and I believe you went to Yale, has said that Effective [tariff] rate is closer to 28%, the highest since 1901. I know some of that's changed because the tariffs are on again, off again. Some on again, some off again. Somewhat chaotic, I believe, as your term is. (00:17–00:26)
CLAIM
Asserts that the current effective tariff rate is around 28%, the highest since 1901.
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