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Me deleting all the IEEPA tariffs from my code for the next model run.

Actually, Americans voted for lower prices after years of inflation. Tariffs jack up prices further—as the President understands based on his demand that Walmart shoulders the cost of the tariffs rather that hike prices. So that’s the opposite of what they voted for.

AI, digital transformation, and innovation are vital to Ukraine’s recovery and resilience. Grateful to Gary Shapiro, CEO, and Kinsey Fabrizio, President of Consumer Tech Association, for the opportunity to discuss how USA, Ukraine and Europe tech can cooperate to become stronger together . 1/2

If you don’t like the old word you can just say import taxes. Just like we have income taxes, property taxes, sales taxes, gas taxes, and other taxes, we also have import taxes.

The real case for free trade is not "my enemies hate it" or "it's cheaper for me, personally" but "it makes the world richer, freer, and more peaceful." reason.com/2025/06/02/wel…

The U.S. CBO delivers body blow to Trump tariffs *Massive $2.5 trillion tax increase over 10 years *Average cost/household = $18,939 over 10 years *$1894/year or $158/month average tax increase for every U.S. household *Tariffs will shrink the economy and reduce investment and

Yes, indeed, President Trump has unilaterally imposed the largest tax hike on Americans since 1993.

Head-smacking stat of the day, via Bloomberg Econ: By 2030, Trump's tariff regime will make the global economy $1T smaller - with 1/3 of the losses in the US (690k jobs lost) - than if the US had just stayed in the TPP. bloomberg.com/news/features/…

If we are all willing to dig in and sacrifice, by growing our red bars we can do our part in making the green bar even bigger.

Tariffs will... Solve illegal immigration, rid us of fentanyl, secure national defense, create manufacturing jobs, generate tax revenue (to fund childcare/cut the deficit/pay for tax cuts/replace income tax), eliminate trade deficits, create leverage for trade deals and now ALLOW

With May’s tame inflation #, a growing chorus is arguing that the tariffs may not significantly increase inflation. I strongly doubt it. Prices are set to meaningfully rise once the inventory of front-loaded pre-tariff imports is sold off. Small businesses are especially primed

I just want to know who makes them and where.

Folks, the U.S.-UK trade deal is shaping up to be really bad for Americans, starting with tariffs and quotas on motor vehicles. Surprise! People who have followed trade policy will remember how hard the United States worked to get rid of import quotas.

We just updated our tariff paper. We now assign products to precise HS-10 codes—replacing the older COICOP-HS mapping—and extend the price data through June 12. Imported prices are up ~3% since early March, a modest increase given the scale of announced tariffs. Most of the

Happy 95th Birthday to the Smoot Hawley tariffs for all who celebrate. 🤔😕

Retail sales fall 0.9% MM. In inflation-adjusted terms (deflated by CPI commodities), real retail sales fell by 0.8%. Big drivers in the nominal decline were gas stations, groceries, building material stores, and auto dealers.

Bit of a furrowed brow as I update this chart to include this morning's (disappointing) industrial production numbers. While retail sales isn't shown on this chart, it's also an important indicator, and this morning's print (for May) was also disappointing. Watch this space.

Trump's policies are simultaneously: 1. Raising financing costs (higher national debt) 2. Raising building material costs (tariffs) 3. Raising construction labor costs (worksite raids) Naturally, housing starts are going to go down and scarcity gets worse.

Powell finally speaks directly: "we expect a meaningful amount of inflation to arrive in coming months, and we have to take that into account." In English: Rates are higher than they need to be because of tariffs.

"While TACO makes for funny memes, businesses facing tough decisions about investments and supply chains are dealing instead with TARIFF: Totally Arbitrary Rules Inspiring Frustration and Fear." Christopher Padilla (link in reply)