Estimates from the Peterson Institute in Washington DC suggest that the US now has tariffs on 12% of its total imports, while the combined trading partner retaliation covers 8% of total US exports, with the latest round having a bigger impact on households as more consumer goods have become subject to tariffs.
BIS Review 87/2008  3  Fourth, the crisis revealed the need to adapt some of the tools and practices of central banks to manage system liquidity in the light of banks’ cross-border operations.