This is still very bad! When Trump promised 10% universal tariffs during the 2024 campaign, corporate America didn't believe it would happen because it would be so idiotic and costly to the US economy.
Now we're being told this is the plan for the "long term" https://bsky.app/profile/megancnbc.bsky.social/post/3lmhgr5efys2t
Now we're being told this is the plan for the "long term" https://bsky.app/profile/megancnbc.bsky.social/post/3lmhgr5efys2t
Reposted from
Megan Cassella
Kevin Hassett says on CNBC that the expectation is for the 10% universal baseline tariff to remain in place over the long term.
“It would take some kind of extraordinary deal to go below there,” he says.
“It would take some kind of extraordinary deal to go below there,” he says.
Comments
https://open.substack.com/pub/deanblundell/p/carneys-checkmate-how-canadas-quiet?utm_source=share&utm_medium=android&r=2fxdua
Granted, you’d have to run it properly and also tax domestic goods and that’s toxic
Maybe Wall Street is just waking up to this? 🤷
https://bsky.app/profile/r5-to-philly.bsky.social/post/3lmhjl6w4ws2z
https://www.economist.com/special-report/2024-10-19
P.S. How is the job search going? ex-WP subscribers want to know!
https://bsky.app/profile/no-privacy.bsky.social/post/3lmhkrekkx22d
https://budgetlab.yale.edu/research/fiscal-and-economic-effects-revised-april-9-tariffs
One shldnt expect any accurate econ reporting coming from this administration.
😞
https://bsky.app/profile/carlquintanilla.bsky.social/post/3lmhqynxexc2e
Saying / mandating by EO while stripping capacity to enforce is a strange choice if he is serious about them, but maybe that’s what his staff banked on - let him name what he wants while they strip the furnishings of democracy?
Good times, good times.
And then there is the confusion over actual enforcement and collection of tariffs vs. merely proposing them. Headlines suggest this or that tariff is "back" and it looks ominous but it's just a proposal, Trump's latest whim.
These jerks won't even negotiate with the penguins b/c they are not fascist enough.
Penguins, rise up!
We'll be dealing with the fallout of the education visa cancellations for decades. The same is true of this trade policy.
Gotta calculate and collect tariffs. Inspection for smugglers.
Immigrants too.
This will look like a Covid supply chain.
💯
Same w/ calling tariffs "reciprocal," propaganda term unrelated to actual policy
Still, market participants should be sophisticated enough to know this
Why are MSNBC chyrons and Post heds claiming that Krebs “defied” Trump or opposed him? (Taylor is another story)
Krebs said election was secure
Trump’s the one who defied the sovereign will of the voters
Or maybe on ChatGPT idk.