Trump’s Massive Import Taxes Haven’t Done Much Economic Damage
- Inflation eased last month while hiring remained strong in April, despite ongoing economic concerns related to tariffs.
- Trump's tariffs are the highest since the Great Depression, with climbing prices expected to reduce household purchasing power by $2,800.
- The tariffs are projected to reduce U.S. Economic growth by 0.7 percentage points and raise the unemployment rate by nearly 0.4 percentage points.
- A Federal Reserve study indicated that Trump's tariffs led to higher prices within two months of their implementation, suggesting consumers may face increased costs soon.
67 Articles
67 Articles
Ruh-roh! Here Comes the Trumpcession
Well, ladies and gents, it didn’t take long for Trump to once again destroy the economy and send the country into an economic tailspin. It took 3 years during his first term. But this time, with help from Project 2025 and Elon Musk and a highly...
Panic first, analyze never: Media flubs Trump’s economy
On April 2 — Liberation Day — Donald Trump did exactly what he had promised for over a year: He imposed a slate of reciprocal and punitive tariffs on America’s trading partners. The left and corporate left-wing media erupted in predictable fashion, and the stock market plummeted. Before a single tariff was announced, doomsayers in the press predicted economic collapse. CNN warned the economy was “flashing yellow lights,” and the BBC claimed Tru…
Import Tariff Economic Headwinds
If there is one thing about which we can be sure, it is that the high degree of import tariff policy uncertainty that has characterized the Trump 2.0 administration to date will not dissipate anytime soon. If there is also anything about which we can be confident, it is that at the end of the day, the import tariff level under Trump 2.0 will continue to be at its highest level since the 1930s. Contrary to what the buoyant stock market might be i…
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