New @budgetlab.bsky.social report about today's tariff announcement:
• The April 2nd policy alone is the equivalent of an 11.5pp increase in the effective tariff rate. When combined with other US tariffs in 2025, we're at 22 1/2%, the highest rate since 1909.
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• The April 2nd policy alone is the equivalent of an 11.5pp increase in the effective tariff rate. When combined with other US tariffs in 2025, we're at 22 1/2%, the highest rate since 1909.
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Comments
We don’t need money in politics. We just need people to participate.
https://www.nationalfinancialplan.com
we don't need the maga morons we need republican Americans that love their country
not people that think a dictatorship for a convicted fraudster is a good idea
It cost 5 dollars and is made in China. It will now cost 7.50.
No toothbrush company is going to pop up overnight, so I’m going to have to pay the higher tariff every time I replace the brush.
The tariff on a toothbrush is not going to affect a billionaire, but it will affect me.
They can brush later.
🐧 🐧 🐧 🐧 🐧 🐧 🐧 🐧 🐧 🐧 🐧
https://bsky.app/profile/mrianjohnson.bsky.social/post/3llveai6vjc2h #heardisland #penguins
“James Surowiecki says,” I can’t believe they said we’ll just divide the trade deficit by imports and tell people that’s the tariff rate & then they set the tariffs by cutting that totally made up tariff in half. Inaccurate, stupid and deceptive.”
• The April 2nd announcement shaves -0.5pp off 2025 GDP real growth (cont.)
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• The April 2nd announcement raises $1.4T over 10 years conventionally scored, but with -$366bn in dynamic effects (cont.).
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• Tariffs are regressive taxes: the April 2nd policy & all 2025 tariffs hit the lowest income-decile families 2-3x as much as the highest, relative to income.
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• Food is disproportionately hit too, rising 1.6% from today's policy & 2.8% from all tariffs.
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https://www.dailymail.co.uk/yourmoney/article-14543265/red-states-hit-worst-canadian-tariffs-analysis.html
donnie is going to take in tax dollars and buy crypto with it
or whatever else he thinks is cool like rebuilding gaza
https://youtu.be/2NKByZe7kZg?si=VPcVgl4HotOur0Le