Typically stopping traction is only mildly worse on wet pavement, but lateral traction takes a pretty big hit. It's a serious loss in any case, but the limits for good tires on dry pavement are so high that even at 50% of that you are totally fine if you just drive normal. With modern tires if you're driving more than like 3/10 the ability of the car you're probably driving like an asshat.
Right.