Took him a couple weeks ... but tariffs now
Effective Tuesday, the U.S. will impose a 25% levy on imports from Canada and Mexico, a 10% tariff on energy products from Canada, and an additional 10% tariff on China.
Econ modelers suggest that if the tariffs persist, along with retaliatory tariffs from our trading partners --> inflation will rise about 1% and GDP will turn flat.
Whereas a lot of what Trump has done over the past two weeks has been a ROMAN CIRCUS of beating up on immigrants, transgender people, and teleworking feds, tariffs have the potential to finally spark that recession we've been overdue for.
We'll see. It depends on how long this new trade war lasts.
Econ modelers suggest that if the tariffs persist, along with retaliatory tariffs from our trading partners --> inflation will rise about 1% and GDP will turn flat.
Whereas a lot of what Trump has done over the past two weeks has been a ROMAN CIRCUS of beating up on immigrants, transgender people, and teleworking feds, tariffs have the potential to finally spark that recession we've been overdue for.
We'll see. It depends on how long this new trade war lasts.