Laserfiche WebLink
China +10%3.7%China +10% Canada/Mexico+25%Canadian energy +10%11.5%USMCA exemption for Canada/Mexico5.6%Steel & aluminum +25%6.6%+10% reciprocaltariff13.4%China +50%27.5%China to 125%Pause on other reciprocal tariffs26.9%China to 30%12.6%Steel & aluminum +25%13.2%Add appliances to steel & aluminum13.4%New reciprocal tariffs announced and set for implementation Aug 1st0%5%10%15%20%25%30%3-Feb 17-Feb 3-Mar 17-Mar 31-Mar 14-Apr 28-Apr 12-May 26-May 9-Jun 23-Jun 7-JulEffective Tariff RateSelect Activity from February 3, 2025 to July 8, 2025Uncertainty Remains Exceptionally HighSource: Bloomberg Finance L.P. as of July 8, 2025. Yellow dots represent activity impacting effective tariff rate. Fiscal Policy Adds to UncertaintyDebt CeilingFunding FreezesTax ReformBudget/SpendingFor the Quarter Ended June 30, 2025Market UpdatePFM Asset Management | pfmam.comCITY OF REDWOOD CITY127.A. - Page 18 of 6328