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They aren't broad, they are all very selective and designed not to hurt the American economy too much. You know, usually these spats are like "I'm going to tari
by seanmcdirmid 2y ago
They aren't broad, they are all very selective and designed not to hurt the American economy too much. You know, usually these spats are like "I'm going to tariff some niche product from you, and then you will tariff some niche product from me, and the crowds on both sides will be satisfied by the non-sacrifice."
But again, if you put tariffs up that directly apply to an iPhone or Android phone, or anything else people actually buy, they are going to actually notice.
I would stock up on bigger ticket purchases before January 15th, because prices are about to go crazy.
- floxy 2y agoSeems like the tariffs currently generate about $80 billion a year in tax revenue: https://fredblog.stlouisfed.org/2024/09/customs-duties-what-do-they-amount-to/ https://fredblog.stlouisfed.org/2024/09/customs-duties-what-...
- seanmcdirmid 2y agoWhich is < 2% of federal revenue.