Chris Wood’s GREED & Fear flags 10% tariff base case, China’s remains at 40%

Jefferies’ Chris Wood says markets now expect US tariffs to cap at 10%, down from earlier 50% threat.

China still faces a 40% tariff; part may be negotiated away.

Wood highlights US push for domestic manufacturing, especially in EVs and batteries.

Despite easing tariffs, macro risks persist; S&P 500 has rebounded 22% from April lows.