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#tariff

35 posts29 participants3 posts today
Public
Kyle Montanio

"The April 2nd action is the equivalent of a rise in the effective US tariff rate of 11 ½ percentage points. The average effective US tariff rate after incorporating all 2025 tariffs is now 22 ½%, the highest since 1909."

1909 also saw construction start on the Titanic and founding the NAACP. My point is it was an inconceivably long time ago.

We have seen nothing like this in our lives. And, I am pretty sure, this is the largest #tariff increase in history.

#economics

budgetlab.yale.edu/research/wh

The Budget Lab at YaleWhere We Stand: The Fiscal, Economic, and Distributional Effects of All U.S. Tariffs Enacted in 2025 Through April 2
Public
CBC Canada

Trump’s global market meltdown, explained
U.S. President Trump’s latest and most severe tariffs have caused a bloodbath on the global markets and widespread economic anxiety.
JP Morgan’s chief economist raised the odds of a global recession by the end of the year to 60 per cent, up from 40 per cent.
People are looking at their jobs being eliminated in places like auto plants, and elsewhere in the manufactu...
#economics #politics #tariff #market
cbc.ca/player/play/9.6713872?c

Public
Chris Hale

"How Much Would An iPhone Cost If Apple Were Forced To Make It In America? In the $30,000 to $100,000 range… and no this is not a typo."

This old article is floating around, but it is missing another side of the equation: The exploitative mining of resources, such as the boycott of the iPhone over Cobalt mining in the DRC

forbes.com/sites/quora/2018/01

ForbesHow Much Would An iPhone Cost If Apple Were Forced To Make It In America?How much would an iPhone cost if Apple were forced to make it in America? This question was originally answered on Quora by Glenn Luk.
#economics#tariff#uspol
Public
R. Scott Pert

Tech mogul #ElonMusk, who has served as a close advisor to President #DonaldTrump, on Saturday broke with the president's decision to impose expansive #tariffs on most foreign nations, saying that he hopes to see a "zero tariff situation"

> "I hope it is agreed that both Europe and the United States should move, ideally, in my view, to a zero #tariff situation, effectively creating a free trade zone between Europe and North America,"
nbcnews.com/politics/politics- #trade #eu #tradewar #policy

NBC News · Musk wants a 'zero tariff situation', 'free trade zone' for EuropeBy Alexandra Marquez
Public
Matti Schneider

#SocialMedia is geopolitics, #cyberdiplomacy is critical: #Trump “also reiterated that he would, in particular, be willing to offer #tariff relief for #China if Beijing approved the sale of the US operations of #TikTok”.
platformer.news/trump-tariffs-
When your shadow VP knows how to do foreign interference with their social media, they will likely advise you to get more such weapons.

Platformer · TikTok’s fate could be decided by tariffsTrump is holding out ByteDance's app as a bargaining chip. Will China take the bait?
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