It implies that the tariffs on intermediates combined with the implicit tariffs on service inputs outweigh the tariff protection applying to the goods produced.

这就意味着针对中间环节征收的关税和针对服务业投入所征收的关税超过了产品生产的关税保护。

youdao

And a higher tariff (potentially north of 200 percent), when combined with greater exposure to engineered flooring (as we believe), could present a disaster scenario for LL shares.

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