MARKETS RATTLED BY TARIFF CONFUSION Markets were shaken Wednesday after a White House fact sheet mentioned China now faces tariffs "up to 245%"—much higher than the widely assumed 145%. This sparked confusion, but the White House clarified: the 245% figure isn't new. It includes existing tariffs: 🔸 125% reciprocal tariff 🔸 20% fentanyl-related tariff 🔸 7.5–100% under Section 301 Bottom line: no new tariffs, just a misinterpretation. Still, the confusion highlights how complex and unclear the current tariff landscape has become—even for seasoned market watchers.