Shortly after the Budget Lab’s original publication, the White House clarified that the 125% China tariffs were on top of, not inclusive of, the 20% IEEPA tariffs already in place, making the maximum rate on Chinese imports 145%. This report revises our numbers to reflect the clarified policy.
As of today, it’s 145% on Chinese imports.
https://budgetlab.yale.edu/research/fiscal-and-economic-effects-revised-april-9-tariffs