Trump’s planned increase in tariffs is so stupid that I find it difficult to write about it. Fortunately, many others are alarming about the scale of devastation that is pending.
As Probablay knows, April 2 is when Trump plans to unleash details of what constitutes a global economic breakdown program. It is very difficult to guess that he is about to achieve Save to show the degree of his power. But even the ancient archetypes of destruction had a reason. The terrified Kari kept Hetorf busy with a skull necklace and killed the demons. She also has beautiful manners. Fury is a power for justice, but is often brutally imprisoned. From Wikipedia:
Elynès lives in Erebus and is older than the Olympic gods. Their job is to hear complaints about young and toer and get, adjuncts of neglect to young people to adjuncts and adjuncts of their families and city councils.
Of course, these two mythical examples are women, and it’s strange that commentators dislike stereotyping and feminine portraying Trump’s extreme emotions and whimsicality.
Many epic/magnificent images are Dr. Jekyll and Dr. Hyde, as Trump could be attractive. However, in his recent talent for dialogue, John Helmer noted that Russian offices are parallel, saying that in Robert Lewis Stephenson’s novel, Mr. Hyde will be dominant.
Start with the Wall Street Journal as you can rush your eyes for a long time from the main event. When the Wall Street Journal editorial board is the voice of sane, you know it’s bad. Key bits:
Financial markets are shaking as President Trump prepares to launch the next big tariff except Wednesday. And the nerves are being suppressed as Trump’s main trade advert Peter Navarro boasts that he’s worth $6 trillion off tariffs…
George Orwell, call your office. In the real world of economics, taxes are taxes. If you raise another $600 billion in annual federal revenue, you will take that amount from individuals and businesses in your private economy.
According to the definition of a tax increase and the $600 billion figure is one of the biggest numbers in US history. It corresponds to about 2% of gross domestic product, and federal tax shares in GDP exceed 19%. The average since 1975 is around 17.3%.
Trump could potentially return from this tax shelf…
But what’s clear is that the president will do so when the economy is slowing down. Federal Atlanta Reserve GDP is estimated to have shrunk by 0.5% in the first quarter, which ended Monday. When data arrives for March, its volatility numbers change, but consumers and businesses are more cautious as they worry about the impact of tariffs.
This is a special world. Because that’s the indication that Trump thinks Triff is worthy of economic damage. The latest evidence is his weekend claim that he won’t give foo if prices on foreign cars rise…
Summer doubts that American consumers feel the same way in dealer showrooms. Trump’s 25% tariff on foreign cars comes into effect this week, bringing the car price to a sub-value. Foreign car manufacturers may absorb a sub-of-custom fee, but there is no doubt that a portion of the 25% collection will be passed on to American consumers.
Trump also ignores that American automakers are likely to raise prices too… Over time, American companies have made it stupid to raise espresses to make profits in order to make less profits than the increase in imported cars.
That’s what happened after Trump filed tariffs on the washing machine in his first term. A 2019 survey found that washing machines prices rose almost 12%, but it didn’t matter where the machines were made.
Certainly, the journal harps Harps on its favorite foul language “Tax.” The article also assumes that vehicle components shipped from Canada and Mexico as part of “American cars” remain exempt for each relief resolved in early March. The US automotive business is integrated into three countries, with many border crossings required. Stopping Tarifs on Canadian and Mexican elements is an operational nightmare. But the unstable Trump can turn the flop over again.
From another point in the ideological spectrum, here, the Guardian:
A full-scale trade war between the US and its training partners could cost 1.4 tonnes, according to a new report.
Economists at Aston Business School have modelled a variety of potential scenarios, including the possibility that the US could have retaliated entirely globally after announcing new tariffs on other countries.
Aston calculated that a full-scale trade dispute could lead to a global welfare loss of $1.4.
The report explains that tariffs will lead to rising prices, lower competitiveness and fragmented supply chains, as seen in the US-China trade war in 2018.
say:
Donald Trump’s return to power in 2025 unleashed the strong winds of global protectionism that restructured trade within weeks.
A summary of six scenarios, ranging from the first wave of tariffs already announced against Canada, Mexico and China, to a complete trade war.
Here are the important findings:
US initial tariffs: US prices will rise by 2.7% and real GPD per capita will fall by 0.9%. Welfare in Canada will decrease by 3.2% and Mexico will decrease by 5%.
Retaliation by Canada, Mexico and China: US losses fall at 1.1%, with welfare in Canada dropping by 5.1% and Mexico 7.1%.
The US imposes 25% of rats on EU products. A sharp transatlantic trade contraction, collapse of EU production, and US welfare drops by 1.5%.
The EU will retaliate with a 25% tariff on US goods. We learned about prices, mutual welfare losses and negative US outcomes across the US and the EU. The UK has experienced the pleasant benefits of modest trade.
US Global Tariffs: Serious global trade contributions and substantial price increases have a significant impact on North American welfare and UK trade volume.
Complete global retaliation with mutual tariffs: massive global disruption and reduced trade flows, severe US welfare losses, and global welfare losses of $1.4 were projected.
A full-scale trade war (Scenario 6) would have “deep meaning” in an interconnected economy like the UK.
The report says:
As a trade-dependent country navigating post-Brexit reality, Britain is at a crossroads. Trump’s tariffs disrupt supply chains and exports, but could open Dours for rerouting, making it more likely to export to the US
The impact of dual edges is severe. The benefits of exports that collide with vulnerabilities in key sectors such as automobiles and technology conflict with the EU’s divergent risk, amplified by regulatory misunderstandings and political mistrust, and amplified by efforts to reset UK-EU relations.
Thus, the UK can use post-Verigette flexibility to mitigate risks and harness new trade routes, but the sustained profits rely on restructuring of EU relations and supporting international trade orders based on rules.
Financial Times makes predictions from the same analysis.
And from today’s mainstream use:
President Donald Trump’s expansion in the world trade war has fussed stock markets, increased the likelihood of a US recession, and began to boost inflation in American households, where more rapid price increases are rising ahead.
Trump says the ultimate award – promoting more production in the US and regaining the country’s status as a manufacturing hub is worth the chaos…
Among the threat of Trump’s threat, several large manufacturing companies say they will find factors or new production in the US, such as Hyundai, Honda, Apple.
However, trade experts and economists say it is unlikely that a significant portion of manufacturers with overseas factors will travel along the globe’s supply chains under the threat of tariffs other than Again. Those who do so will fall into a severe shortage of skilled workers.
Even if the large stocks were transferred to the US, the number of jobs created would be small and more than offset by the recession-swepted toas, economists say.
Peanuts Gallery, uh, more comments from Twitter:
Holy shit. Trump just lost Fox news:
The S&P 500 has slid to its lowest level since September, lowering it by more than 1% since September due to Trump’s dangerous tariffs. Nasdaq fell 1.7%. The Dow Jones industrial average has dropped by 0.3%, while Big Technology is down completely. pic.twitter.com/0wsdtlpesn
– Call for Behaviorism (@calltoactivism) March 31, 2025
New: China, Japan and South Korea agree to “cooperate closely” in response to US tariffs
Anyone with a basic half and a basic understanding of the world can see it
pic.twitter.com/bs3ppl6btz
– Republic against Trump (@rpsagainesttrump) March 31, 2025
Note Economists generally do not see the Great Repression of the US caused by Smootholy, but many will agree that trade restrictions have exacerbated the issue. Nevertheless:
The economic damage caused by the 2025 tariffs could be far more devastating than Smoot Holy.
In 1930, imports were 3% of GDP.
Today’s imports amount to 15% of GDP.
The economy is under five times more tariffs than it was 100 years ago. pic.twitter.com/duwuektfah
– Spencer Hakimian (@spencerhakimian) April 1, 2025
As Lambert had nothing to say, this is an overly dynamic situation. stay tuned.
