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Trump has now sent new tariff threats to 51 countries representing the vast majority of US trade, including close allies like the EU, Canada, Mexico, Japan, & South Korea
This rate is now a significant escalation from the April 2nd tariffs & implies a new minimum tariff of ~20%
Jul 12, 01:10
Trump has now sent new tariff threats to 23 countries, including some of America's closest allies like Canada, Japan, & South Korea
The highest threat was 50% tariffs on Brazil, but *no* threat has been under 20%, which would be considered a massive trade war pre-Trump
I can't believe I have to fucking timestamp my charts now. Every time Trump changes the tariffs Oren Cass should be required to Venmo me $200 for his crimes against economics.
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