Last time we instituted tariffs as steep as these, GDP declined 7% and triggered one of the worst depressions in American history, unemployment hit 18% and didn't go under 10% for a decade, and the president was assassinated.
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He and his MAGA advisers and followers have a comic book understanding of history and economics.
The one thing they don't realize is how easy it is for the rest of the world to buy and sell around us. We are a large market but not even close to being the only market.
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This time will probably be worse.
The one thing they don't realize is how easy it is for the rest of the world to buy and sell around us. We are a large market but not even close to being the only market.