Phony Math - Trump's formula has no logical basis, simply taking trade deficits, dividing by exports, and slashing by half to determine tariff rates. As Krugman noted, "those numbers are gobbledygook."
Russia Exempt --Key countries were suspiciously exempted - Russia, Saudi Arabia, and Hong Kong face no tariffs while even uninhabited territories like Herd Island (population: zero humans, 2 million penguins) were targeted with tariffs.
American Consumers will foot the bill - Economists project these tariffs will cost American households an estimated $5,000 per year in increased prices on everyday goods - from electronics to school supplies.
The World Reacts: The stock market lost $2.4 trillion in a single day following the announcement, with some American companies like Restoration Hardware losing 41% of their value overnight. Canada’s Carney gets prop.
Trump's Depression Claim ‘that tariffs made America rich in the past and didn't cause the Great Depression‘ is a complete inversion of history - in reality, tariffs significantly worsened the Great Depression.
Our Socials…
Dean Blundell’s Substack: DeanBlundell.Substack.com. Dean Blundell
on X: @ItsDeanBlundell
Zev Shalev: Narativ.org Narativ with Zev Shalev
on X: @ZevShalev
Available on Apple Podcasts
And on Spotify…
If you’re upgrading to a paid subscription - you can do that here if you’re on a desktop or laptop.
If you’re on iOS, you may run into a problem upgrading to a paid subscription using the Substack iOS app. Here’s how you can work around this limitation:
Thank you Jenny Gem, N Y C F A L C O N, Chris, Let’s Trot!, Constitutional Patriot, and many others for tuning into my live video with Dean Blundell! Join me for my next live video in the app.
