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A quick analysis of the effects of Trump’s #tariffs by an economist shows that, if other nations make them reciprocal, the United States will reduce its own GDP by over $400 billion dollars – more than 80% of the global reduction in economic output (from
theconversation.com/new-modell…
Chart of GDP changes due to new US tariffs with retaliation by other countries. US at the top of the list with a 1.45% reduction, equal to -438 billion dollars, or $4,487 dollars per household

New modelling reveals full impact of Trump’s ‘Liberation Day’ tariffs – with the US hit hardest

Modelling of how Trump’s tariffs will hit global trade suggests the US will be the biggest loser – while a few nations may emerge as surprising winners.
The Conversation
#tariffs

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Jan Heisinen
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Jan Heisinen
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good. Maybe Americans will acknowledge that #Trump is not of the highest inteligence.
#Trump
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Jonathan Hartley
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Jonathan Hartley
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To understand this, the tariffs are not an economic measure. Trump doesn't care whether they produce or destroy value for Americans or the American economy. Indeed, if they crash the economy, so much the better, as the rich can then buy and invest at fire sale prices. But the actual point of the tariffs is as a means of political control. Having imposed these costs across the board for whole industries, Trump can now carve out exceptions for companies that signal loyalty.
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