Trump’s Liberation Day Tariffs: ‘They Charge Us. We Charge Them’
I wonder if any of these tariffs will change because, as I wrote earlier, many countries have dropped tariffs, eliminated some, or lowered the tariffs.
President Donald Trump announced reciprocal tariffs, which he believes will “Make America Wealthy Again.”
.@POTUS holds up a chart showing the tariffs that other nations impose on America vs the reciprocal tariffs that will be placed on them:
"They charge us. We charge them." pic.twitter.com/iSCEOZfgxV
— Rapid Response 47 (@RapidResponse47) April 2, 2025
My friend sent me this great quote from Trump: “When we depended on tariffs only we had so much money the government formed a commission to determine what to do with all the money we had. Then in 1913 for reasons unknown to mankind they passed the income tax. And that ruined everything.”
President Trump gives a history lesson on US Tariff policy, saying the Great Depression was caused by the US abandoning tariffs in favor of an income tax. pic.twitter.com/0piLzrE4sw
— Media Research Center (@theMRC) April 2, 2025
Trump imposed a 10% baseline tariff but some countries face higher tariffs. From Fox Business:
- China: 67% tariffs and other trade barriers on U.S. goods; 34% reciprocal tariffs.
- European Union: 39% tariffs and other trade barriers on U.S. goods; 20% reciprocal tariffs.
- Vietnam: 90% tariffs and other trade barriers on U.S. goods; 46% reciprocal tariffs.
- Japan: 46% tariffs and other trade barriers on U.S. goods; 24% reciprocal tariffs.
- India: 52% tariffs and other trade barriers on U.S. goods; 26% reciprocal tariffs.
- South Korea: 50% tariffs and other trade barriers on U.S. goods; 25% reciprocal tariffs.
Now, I wonder if any of these tariffs will change because, as I wrote earlier, many countries have dropped tariffs, eliminated some, or lowered the tariffs.
LIBERATION DAY RECIPROCAL TARIFFS 🇺🇸 pic.twitter.com/ODckbUWKvO
— The White House (@WhiteHouse) April 2, 2025
— The White House (@WhiteHouse) April 2, 2025
— The White House (@WhiteHouse) April 2, 2025
— The White House (@WhiteHouse) April 2, 2025
Some goods will not be subject to the Reciprocal Tariff. These include: (1) articles subject to 50 USC 1702(b); (2) steel/aluminum articles and autos/auto parts already subject to Section 232 tariffs; (3) copper, pharmaceuticals, semiconductors, and lumber articles; (4) all articles that may become subject to future Section 232 tariffs; (5) bullion; and (6) energy and other certain minerals that are not available in the United States.
For Canada and Mexico, the existing fentanyl/migration IEEPA orders remain in effect, and are unaffected by this order. This means USMCA compliant goods will continue to see a 0% tariff, non-USMCA compliant goods will see a 25% tariff, and non-USMCA compliant energy and potash will see a 10% tariff. In the event the existing fentanyl/migration IEEPA orders are terminated, USMCA compliant goods would continue to receive preferential treatment, while non-USMCA compliant goods would be subject to a 12% reciprocal tariff.
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Comments
Why are Democrats attacking Trump over tariffs?
a. They care about our country
b. They are trying to stop Trump’s agenda
Well, duh! If tariffs were actually harmful, Democrats would Let Trump go ahead and ruin the country, then they would run on reversing the tariffs and win the election in 2028.
As it is, Democrats have damaged the country so badly that it can’t get any worse. Anything Trump does will be an improvement.
All the Democrats know how to do is obstruct, protest and attack the opposition.
fjb kept many of trumps tariffs on and in some cases added to them
not to mention in his waning days of the admin actually allowed chevron to continue ILLEGAL PAYMENTS TO VENEZUELA socialist corrupt oil loaded venezuela
kickbacks????
Then in 1913 for reasons unknown to mankind they passed the income tax. And that ruined everything.”
to continue the march of the left
the sherman act anti trust monopolies etc
allll ok when practiced by the left
but dont you dare try and make a product(s) so great that the consumers love so much that they give you a “monopoly”
the income tax was just another creation of those dedicated to contain those evil wealthy when in fact they all knew everything trickles down
maga
“Then in 1913 for reasons unknown to mankind they passed the income tax. And that ruined everything.”
The reason: so that fedgov could go after, i.e., CONTROL, the people directly. Prior to the 16Am, if fedgov ran a deficit, Congress could only lay the burden onto the states which in turn would go after its own citizens. This mechanism was a double-check on fedgov’s spending. The 16Am did away with that.
1913 was the worst political year in our history,
—February, the 16Am became part of the Constitution
—March, Wilson became president
—April, the 17Am became part of the Constitution
—December, the Federal Reserve statute was passed into law
Democrats actually love tariffs. For instance, Biden levied a 10% tariff on anyone who wanted to work with him. Oh, those were bribes? Oops.
“On tariffs, I think it’s just economically — it’s a fallacy to think that it’ll help the country, Tariffs are a tax, and if you tax trade or if you tax anything, you’ll get less of it. We know by looking at the history of the last — at least 70 years or so in this country, that as international trade has increased, so has the prosperity of our country,”
— Republican Senator Rand Paul
doesnt change the facts that america was and is getting ripped off
by the euros
Rand Paul cannot see the big picture because he’s not an economist. He’s an ophthalmologist who spends his time looking for specks in people’s eyes.
Trump, on the other hand, is a businessman who sees the big picture and looks two or three steps ahead. He’s a seasoned negotiator and is uging tariffs as a negotiating tool to get the results he wants.
If tariffs are a tax, then all the other countries that are putting tariffs on American goods would be hurting their own people. As it is, they are using that to their advantage. You can’t keep doing the same thing and expect different results.
I like Rand Paul. He’s wrong about objecting to reciprocal tariffs. The opponents always seem to operate from a false premise that ‘free trade’ exists now and what the Trump Tariffs do is introduce Tariffs into a pristine free market utopia.
Tell you what though if you agree to implement Ron Paul’s gold standard and eliminate the Fed Reserve then I’ll agree to implement Rand Paul’s anti tariff plan.
The question is why there isn’t already an announcement that the trade war with Canada is over and both sides won?
That seems to imply this is about ending ships coming to America in favor of the old mercantilist “exports good imports bad” theory of economics.
Who do you expect to make it?
The meat puppets who all play on the other team?
No the question is; ‘If tariffs and other impediments to trade like the VAT imposed on US exports are ‘bad’ why haven’t the opponents of tariffs been raising Cain, why save up their outrage for when the US implements reciprocal tariffs?’ A consumer argument is fine under the conditions but not an economic argument about ‘free trade’ when they argument was left on the shelf for the 80 years of the post WWII era.
Speaking of ships….we should impose a flat tariff on all goods shipped on non US Vessels. An incremental, rising flat tariff of 2% going up 1% each year for the next 10 years would dramatically increase investment in US shipyards. That provides tens of thousands of very good paying jobs in construction, manufacturing and for a US merchant fleet.
Paul is only speculating thatinternational trade will be hurt. The tariffs in Trump 45 presidency were so successful that Biden continued them.
Rand Paul isn’t some financial genius; he has some big blind spots, even though he’s occasionally right on the money.
So to be clear, you want other countries to be allowed to tax trade, but ONLY our taxes on trade will hurt trade.
And you wonder why nobody listens to this nonsense.
Either we have FREE trade, or we don’t.
We are one of the biggest markets in the world, and it’s high time we started acting like it.
Rand Paul is talking about using tariffs as a business-as-usual way of funding government.
Trump is using tariffs as a way of punishing countries who are screwing us, until they stop screwing us..
Your analogy is every bit as stupid as complaining that it is wrong to imprison criminals because if you imprisoned everybody you would destroy the economy.
Does Rand Paul believe that goes both ways? By all means, paid Democrat troll, provide a quote where Paul says that the US should suffer tariffs from other countries but not impose any.
I’m not going to hold my breath. Your usual schtick is to post something and vanish.
As you know, all things being equal, low tariffs are preferable. When our trading partners have high tariffs and other restrictions, it is ultimate folly to keep ours low.
Interestingly, Canada doesn’t seem to appear on any of these lists. Neither does Russia…which may be moot because there may not be any allowable trade with Russia at the moment, under current US law. Not sure. I imagine there are other countries no on this list. But, Canada seems to me to be a big one considering they’re one of our largest trading partners.
They’re not on the list because they ALREADY had Trump’s tariffs put on them. There’s a note at the bottom of the story.
That note wasn’t in the article when I wrote my comment.
Thank you for actually posting the list. All the other outlets seemed to just be ranting about them, but never actually posting them for anyone to see.
(I’ve gotten into Warhammer 40k, so I do want to know how much my minis are going up this year.)
Second question is, how does the tariff process actually work? Because it sounds like the newsies are reporting he can just raise them at will? I though Congress had to actually vote to approve them.
Or are there actually a huge pile of tariffs that just haven’t been enforced in a long enough time that he can just grab and go?
Down that path lies evil. Games Workshop blatantly screws up balance just to sell new minis, and yet refuses to fix totally broken and unplayable armies for years (or even decades).
I finally quit back when they released….. I forget which edition, maybe 7th?
Where they introduced being able to take units from other armies according to the list, you couldn’t just mix any army. So everybody got a few armies of the different ratings.
EXCEPT for my army, the Tyranids. They were just not allowed to take ANY army as allies, and nobody was allowed to take them.
And there was no lore reason not to do it, because you could have handwaved it by saying that their ‘allies’ were actually Genestealer cult infiltrators that took over the unit.
Nope. Just screw you Tyranids, you just don’t get to play with the new toys everybody else does. Have fun fighting the combined Taudar armies.
Ironically, one of the big 10th edition complaints is that they keep updating the rules every month or so, such that only the tournament players can even keep up with them.
And given that I started getting bits in October, and I still haven’t finished assembling a full 1500 point army yet, and in that time frame the core meta for my faction has changed, what, three or four times?
The allies system is pretty much completely gone right now. Imperial factions can have limited Inquisition units, some of the Chaos armies can have allied demons, and it is now possible for Tyrranids to have Gene Stealer Cult allies. But it is pretty limited.
I’m fine with allies being gone. They completely destroy any attempt at balance, even GW’s tepid ones. If the Tau (for example) can take allies from a rockin’ melee army it plugs their intended weakness, that they’re a devastating shooting army. They’re supposed to thin the enemy ranks to nothing before a few stragglers finally make it into melee and start beating up their nerd troops and taking their lunch money.
Although I’m a big ol’ hypocrite, because I use an Imperial Knight with my Blood Angels army.
All I can see is, I will be paying more at the store for things, I guess I’m not gonna see my taxes go down.
Go ahead, downtick me. This is just my observation
I smell stagflation in the near future.
If it hurts us, it hurts the other countries twice as much.
China will be one of the last cards to fall. They will devalue their currency before backing down.
No matter WHAT Trump does, prices will continue to go up. With tariffs or without. Sorry if your maple syrup and Bordeaux is more expensive.
That may be true. But, that’s not what Trump promised continually on the campaign trail. He said, ‘Prices will come down on day 1.’ Trump didn’t get elected to cut government spending, restore manufacturing, end ‘woke’ or any of the other things MAGA conservatives care about. Instead, he was elected for one reason only: To lower consumer prices. If a year from now consumer prices haven’t come down, or – God forbid – are appreciably higher than when Trump assumed office, the Democrats are going to enjoy a Midterm election cycle the likes of which hasn’t been seen since 2010. It’s going to be a bloodbath.
Then what? Well, his presidency will effectively be over. He’ll be defending himself from countless House & Senate investigations and probably an Impeachment. The Dems won’t confirm a single judicial appointment. It will be disastrous and will pave the way for the Democrats to hold all three branches in 2029….and then they’ll remove all the tariffs (presuming the House/Senate don’t vote to override them beforehand) and will repeal everything else Trump has done via Executive Order…which thus far, has been how he’s done everything. It’s hard to overstate how bad it will be. This is the biggest political gamble by a president at least since Obamacare (which was a law that was very difficult to repeal because of the filibuster) and maybe the biggest gamble in a century or more.
Thank you for keeping sanity and reminding people that this is a very gross violation of exactly the reason Trump was elected (to deal with the inflation crisis).
Nobody wants to be liberated from rising wages and low unemployment they want their grocery bills to come down.
Bad judges are irritating but economic pain is the #1 way to get Democrats elected.
Eggs are already dropping. So are interest rates, the latter being one of the worst net expenses for average Americans.
It takes about 6-months to go from egg to egg-laying laying hen. So, the tens-of-millions of hens that Biden culled in November and December and early January won’t begin to be replaced until May, at the soonest. So, why have wholesale prices fallen a bit? Because IMPORTATION. Trading partners like Canada, Mexico and Italy have removed their own export limits on eggs…which will now be between 10% and 25% more expensive because of these new tariffs.
Also, do yourself a solid and read up on 10-year treasuries and how their yields relate to economic certainty and confidence. Mortgage rates have fallen because investors are moving to bonds because of economic fears. They’re pricing in a recession.
What exactly is the evidence for that?
Trump had good economic policies in his first term with the result that wages went up prices did not.
The only thing stopping a repeat of that is this obsession with nostalgia.
Canada has offered 0-0 tariffs.
If that deal is not taken immediately we know we are in for a catastrophe.
Did Canada also offer zero import restrictions to go along with a 0 rate tariff or did their protectionism remain in another form?
If Canada offered a no shit truly free trade deal with the US then maybe. Of course there are other considerations such as their meeting defense budget spending targets. For less developed Nations with poor environmental protections, exploitation of workers and who use child labor then tariffs would remain justified as a way to offset those….short of a complete economic embargo with an accompanying military enforcement, tariffs seem the best way to level the playing field.
I’ll be interested to see how the markets open tomorrow morning.
I read that the Dow Futures were down a few points earlier this evening. 🙈
I just saw the Dow down 1200. Markets readjust. By tomorrow evening the Dow and broader markets will probably come back to flat.
The Dow has lost ever 4,000-points since January. They have a LONG way to come back before they’re ‘flat.’
Too much of that 4k was a sugar high from money printing. The Fed ‘put’ is off and and the markets will realign more with reality. By tomorrow evening I meant back to where things were last evening at 4:00 pm.
Assets as a whole, from stock prices to real.estate, are way, way overpriced and long overdue for a big correction aka fall in prices. Gotta work out the speculative excess and while painful this reduces prices for new entrants. The benefits of ultra cheap $ borrowing costs for investment mostly flow to the already well capitalised entities and individuals b/c they can more easily qualify to borrow.
If I could give you extra ‘ups’ I would. Money printing has juiced the R/E markets to absurdity not to mention the equity markets. Both markets have been mainlining sugar for too long.
Unfortunately Trump’s claims in this are demonstrably fake.
Australia is listed as having a 10% Tariffs Charged to the US and USA Discounted Reciprocal Tariffs. This is fundamentally problematic as Australia does not have any tariff on US goods or services. What it does have is a 10% Goods and Services (federal) Tax, loosely akin to the state and local taxes that are widespread across America.
Note the Australian constitution limits taxation powers to the federal government (I think).
Thus Trump has imposed a tax on Australian goods for a universal tax, whilst ignoring that Australian imports are already taxed in America under with sales taxes, local taxes, and US imposed tariffs – assuming I’m not missing anything else.
As it stands Australia can justly turn around and impose a 23.5% tariff on US imports because state and local taxes can be as high as 13.5% tax, and Trump has just imposed the 10% tariff. US Treasury Secretary Scott Bessent is saying don’t respond because there will be escalation, but that’s like a rapist saying don’t struggle, things will get worse.
Elsewhere it’s reported that Trump is apparently upset that Australians don’t want to import Mad Cow infected beef and other diseased, or potentially diseased, American products. More actions from Trump are expected.
Australians are furious with the completely unjustified actions, though the current government will not pursue reciprocal tariffs, instead challenging Trump’s illegal action. While Americans will pay higher prices for things now, other countries face the risk of getting cheap products dumped as America is deemed an undesirable trade partner.
‘Trump’s illegal action?’
GTFO with that nonsense. You lost all credibility at that point.
Whether what you say about Australian tariffs is true or not, claiming that it’s ‘illegal’ is just laughable and proves you have zero idea what you are spewing about.
Trump has the legal authority to declare tariffs on any good, from any country, for ANY reason, or no reason at all. Which is exactly what he has done. This is well, WELL settled law. If the reason he claims is wrong, irrelevant, the tariffs are still in place and completely within his legal authority.
“Emergency powers”
I am sorry do American corporations needing to pay equivalent in tariffs to what Australian corporations pay in American tax to make up for American corporations paying no tax in Australia make an emergency?
Is the Australian fleet about to enter Charleston? Which American industry will be underwater by morning if Australia is not sanctioned?
Trump has stretched the term emergency to a very satirical point.
Bearing in mind IANAL, America has a free trade agreement with Australia. Trump’s imposition of tariffs and failure to publish in advance the proposed changes, would appear to put America in violation of said treaty.
America can of course tear up the treaty, but it would appear legal scholars are somewhat divided as to whether or not that’s a presidential power. Trump has not elected to cancel treaties, he’s simply violating them.
Given tariffs are not a presidential power, rather one reserved to Congress by the Constitution, Trump has limited power to impose tariffs and only in specific circumstances. For instance if steel is critical to national security, then tariffs may be a legitimate act.
Dumping or other unnatural act endangering the US’ domestic industry is another possibility, so too is ‘unjustified,’ ‘unreasonable,’ or ‘discriminatory,’ restriction of US commerce by foreign nations. Except Australia is not responsible for a surge in US imports, and to contend Australia laws are somehow unjustifiable, unreasonable, or discriminatory is to argue black is white. The US has to meet the same criteria as every other foreign nation. I was about to suggest American commercial activity in Australia is treated the same as Australian companies, except that’s not really true – American multinationals, like all multinationals, tend to get cushy tax breaks and thus preferential treatment.
100% correct.
These tariffs are based on a nostalgia for 19th century application of fatally flawed 18th century economics
Wasn’t it Ricardo who stated that overtime the balance of trade would ..well…balance given a ‘free market’? Since we ain’t in balance, haven’t been for many decades that means what we have now ain’t a ‘free market’. Instead we have a bunch of Nations who have imposed all sorts of protectionist policies to harm US exports, US manufacturing. base and the US manufacturing workers.
The globalist argument always undercuts the broad middle-class, those in the 70% between the bottom 15% and top 15%. Why shouldn’t the economic concerns of US Citizens in our broad middle-class outweigh the interests of Wall St or other Nations?
The reciprocal tariffs imposed by the US seem to be causing many to look at the situation in a new light and realize the USA has been exploited in the post.WWII era. Initially it was needed but by the mid 1960’s the economic justification had disappeared. The cold war demanded its continued existence as a practical matter of real politic but that ended more than 30 years ago.
Time for the Nations of the world to decide to be good Friends and Allies of the USA both militarily and economically or….not. Their choice but choices will have consequences and going back to the time when the US was voluntarily the ‘mark’ is not on the table.
Why does the Australian government have a webtool specifically for US companies to look up what the Australian tariffs on their goods are if they don’t have any?
Mad cow was a British mess. 1 case in the US and that was imported from Britain thru Canada. Australia and many others restrict our goods with ludicrous claims such as these.
Stock Market crashed as a result of “Liberation Day”.
Trump was elected to deal with inflation and create a booming economy not make everyone go broke.
This “short term pain for long term gain” stuff seems to be about Democrat electoral chances.
Our industry was not under threat before but with the stock market going down…….
Agree to the Canadian PM offer at least. Spare the American economy from the wrath of nostalgia.
No. Trump was elected to take a chainsaw to the bloated, insane federal government and to stop the illegal immigrant crisis. He made no secret of his intent to impose tariffs during the election, and he imposed them during his first term. He PROMISED tariffs.
Trump uses tariff threats as a means of getting other nations to cooperate by lowering *their* tariffs.
This is only the opening round on tariffs and it will take some time. Uncle Sam printing ever more money drives market prices abnormally high on one hand and continues digging our debt whole with the other.
And to reinforce that point as the trade war intensifies how long will we remain the reserve currency?
Do our deficit numbers with any nation that is not the reserve currency and that is the end.
I don’t know but I don’t see a currency anywhere that can replace the $. This trade war will be brief.
Meh it ain’t gonna be the Euro …unless the Germans agree to print up enough Euros for other Nations to hold and use as the reserve currency… not likely. Plus the EU Cray Cray leadership wants a digital currency with all potential for govt shenanigans that entails and given their rush to seize Russian financial assets would not seem to create confidence they wouldn’t manipulate the system to eff over other Nations.
The BRICS currency rollout is a ways off though their alternative payment system to.SWIFT is closer to true implementation and that’s more worrisome.
He was elected to deal with the inflation crisis Biden left, which was the main promise he made.
He routinely touted his first term economy and promised a booming economy.
‘Our industry wasn’t under threat’… If that’s the case then you are arguing that the tariffs and VAT regimes imposed by other Nations on US exports did not and do not impact the number of US industrial and manufacturing jobs….and of that’s true then the new Tariffs imposed by Trump will be equally harmless to the economic health of other Nations …and thus these Nations getting their exports hit with Tariffs have nothing to worry about and have no need to make any retaliatory steps v US exports….so there’s nothing to worry about.
Either tariffs and other impediments to trade like VAT regime on imports are ‘bad’, disruptive to free markets and harmful to producers and the overall economy of the Nations which implement them …OR They ain’t, in which case there’s nothing to worry about.
The truth is the rest of the world imposes high barriers to US exports with Tariffs and VAT on our exports. This Jas gone on for 8 decades post WWII. Time to end it and get back to lower tariff and VAT across the world which brings is closer to the ‘free market’ than we had yesterday or today.
If this was about lowering tariffs I would agree.
He ignored Israel eliminating all tariffs on American goods and services in order to include Israel.
This is about an 18th century belief that “Imports bad exports good” otherwise the Israel tariffs wouldn’t be there.
Otherwise the Canadians who said “No tariffs at all in either direction” would have been told by Trump “Thank you send someone to the signing ceremony which will be tomorrow morning”.
Did Canada and Israel also remove all other protectionist policies? Did they eliminate all import restrictions on amount of a particular product that could be imported? How about subsidies to their domestic companies both direct and indirect?
The goal is more than just junking tariffs but also eliminating other protectionist policies and barriers to competition imposed by other Nations.
There is ‘blood in the street’, if you are a buyer—buy.
I’m waiting for it to bottom-out before BTFD. Usually, the market has to test a low twice before it’s convinced.
An experiment with the world economy. Maybe it works. Maybe the world ends up in another Great Depression. There are better ways to fix things. Reminds me of those old chemistry sets for kids. Try a few prescribed combinations. Then get bored and mix everything together. Ka-boom.
I think the Republicans could have governed for a generation. But this insanity will kill them.
Getting US manufacturing restored, which is definitely a MAGA goal requires a reset of the post WWII economic order. When other Nations seek to impede US exports via tariff, domestic subsidies and other trade distorting policies the USA should respond to even the field. That’s all this is.
Any Nation truly worried about retaliatory tariffs should simply remove their own tariffs, domestic subsidies and other distortions to a free market. The moment they do so the tariffs imposed by the USA end. It is only a tit for tat economic Armageddon if those Nations who have imposed tariffs, subsidies and other distortions to free trade for decades want it to be by foolishly ratcheting up their own Tariffs. Their choice to engage in a trade war with largest consumer and economic market…not to mention the possibility of late.stage of trade war spilling into military enforcement of sanctions/blockade.
My understanding is that Trump is imposing tariffs based on tariffs + taxes imposed by other countries. These other countries have completely different ways of raising revenue to fund their government. Sure, some are abusive. But many have simply customized their method for raising revenue to their economies and populace. The countries and their economies cannot turn on a dime any more than the US can. Trump has just thrown a wrench into how business and governments function. Might blow everything up. It’s roulette with the world economy.
As far as the US goes, stocks are plunging. That will have serious effects on capital expenditures. Changes the cost of capital. Changes employment plans. Changes finances of everyone from home buyers to retirees.
It’s roulette.
The business cycle is just that a cycle of ups and downs ….many have forgotten the part about downturns with the uninterrupted period of near zero borrowing costs from 08 till a couple years ago.
We have lots of mal investment and rampant speculation. Some of this is reflected in those who shove $ into stock market buy side but can’t explain why/what they’re putting money in other than ‘stock price goes up’….that’s not investing it is speculation at best and gambling at worst.
Yes other Nations have absolutely built their taxation regime around effing over the USA. They gotta make adjustments. They can lower or eliminate their tariffs as a.good faith 1st step. Their subsidies and taxation schemes also need to be reformed to eliminate their protectionism. They can do so or continue to be hit with Tariffs by the USA (at less than full impact for now) in a reciprocal manner.
You do realize that the tariffs being applied by Trump don’t reflect the whole cost on US exports? That by making them reciprocal these Nations can avoid application of tariffs on their exports by eliminating their long-standing tariffs on US exports?
Trump explicitly ran on using reciprocal tariffs as a lever to get other Nations to drop their own tariffs on US exports. The election was in Nov. It is April. They’ve had four months to figure out potential responses to Trump implementing reciprocal tariffs and to prepare their domestic companies for the coming shift.
Again stock prices are not ‘the economy’. A better measure of economic health is the number of full time manufacturing workers. IMO capital will flow to the USA as manufacturing ramps up from foreign companies seeking to avoid tariffs by building plants here. Bonds yields are down as of now which reflects capital flows into US Treasury instruments.
How’s the Dow? GDP?
Hopefully GDP falls year over year due to reduce tion in govt spending which is included in GDP calculations. Roughly 35% ish of GDP is govt spending. So getting just a 10% reduction in govt spending would be an automatic -3.5% on GDP.
A far better indicator/measurement of economic health is the number of full time workers employed in manufacturing and industrial jobs as well as direction up/down of overall labor force participation rate They carry far better salaries than service sector jobs.
The stock market ain’t the ‘economy’. If anything look at bond market if you simply must have a daily measurement when yields fall it means investors feel confident about the US economy, when yields rise it means the opposite.
If you asked the redhat Boogerpick crowd. -‘what does THE MORON mean by reciprocal tariffs?” – I would guess well over 95% would answer-” We charge them what they charge us?”
But hey . I tolllllllllllllld ya.