Anna Helhoski
π€ SpeakerAppearances Over Time
Podcast Appearances
He said on Truth Social that the reason for those threats are due to the rise in fentanyl smuggling.
In 2018, Trump levied tariffs ranging from 10% to 50% on goods mostly imported from China. That includes solar panels, washing machines, steel, and aluminum. President Joe Biden also expanded some of those tariffs. Back in May, he increased tariffs on steel and aluminum, semiconductors, electric vehicles, batteries, medical equipment, and solar cells.
In 2018, Trump levied tariffs ranging from 10% to 50% on goods mostly imported from China. That includes solar panels, washing machines, steel, and aluminum. President Joe Biden also expanded some of those tariffs. Back in May, he increased tariffs on steel and aluminum, semiconductors, electric vehicles, batteries, medical equipment, and solar cells.
In 2018, Trump levied tariffs ranging from 10% to 50% on goods mostly imported from China. That includes solar panels, washing machines, steel, and aluminum. President Joe Biden also expanded some of those tariffs. Back in May, he increased tariffs on steel and aluminum, semiconductors, electric vehicles, batteries, medical equipment, and solar cells.
One thing I want to note as well is that any new tariffs would be added to the tariffs that already exist. So as you said, Sean, tariffs are nothing new, but it's the scope of Trump's plans that have some economists concerned.
One thing I want to note as well is that any new tariffs would be added to the tariffs that already exist. So as you said, Sean, tariffs are nothing new, but it's the scope of Trump's plans that have some economists concerned.
One thing I want to note as well is that any new tariffs would be added to the tariffs that already exist. So as you said, Sean, tariffs are nothing new, but it's the scope of Trump's plans that have some economists concerned.
Yeah, they do. But I want to step back and consider how that stuff is made and distributed. In other words, the supply chain. The U.S. is not siloed, as in we don't make everything here that we consume and we don't consume everything that we make.
Yeah, they do. But I want to step back and consider how that stuff is made and distributed. In other words, the supply chain. The U.S. is not siloed, as in we don't make everything here that we consume and we don't consume everything that we make.
Yeah, they do. But I want to step back and consider how that stuff is made and distributed. In other words, the supply chain. The U.S. is not siloed, as in we don't make everything here that we consume and we don't consume everything that we make.
The supply chain is global, and that means we have a network of companies across the world that supply not just completed goods that you buy, like a car, but the raw materials and components used to make that car, too.
The supply chain is global, and that means we have a network of companies across the world that supply not just completed goods that you buy, like a car, but the raw materials and components used to make that car, too.
The supply chain is global, and that means we have a network of companies across the world that supply not just completed goods that you buy, like a car, but the raw materials and components used to make that car, too.
Ah, so now it's time for the washing machine example. In 2018, while Trump was first president, he enacted a 20% tariff on all imported washing machines, and that increased to 50% later in the year. Researchers and economists at the University of Chicago and the Federal Reserve analyzed the effects of those tariffs and found that, as a result, the price of washers rose by nearly 12%.
Ah, so now it's time for the washing machine example. In 2018, while Trump was first president, he enacted a 20% tariff on all imported washing machines, and that increased to 50% later in the year. Researchers and economists at the University of Chicago and the Federal Reserve analyzed the effects of those tariffs and found that, as a result, the price of washers rose by nearly 12%.
Ah, so now it's time for the washing machine example. In 2018, while Trump was first president, he enacted a 20% tariff on all imported washing machines, and that increased to 50% later in the year. Researchers and economists at the University of Chicago and the Federal Reserve analyzed the effects of those tariffs and found that, as a result, the price of washers rose by nearly 12%.
And dryers also rose by the same amount, even though there was no tariff on dryers. That's because the two are usually sold together. So overall, it was an increase of about $92 in 2018.
And dryers also rose by the same amount, even though there was no tariff on dryers. That's because the two are usually sold together. So overall, it was an increase of about $92 in 2018.
And dryers also rose by the same amount, even though there was no tariff on dryers. That's because the two are usually sold together. So overall, it was an increase of about $92 in 2018.
I've seen some economists on the left, the center, and the right who all seem to say the same thing. Trump's tariffs don't make sense from an economic standpoint. And it's likely to fuel inflation as costs are passed on to U.S. consumers.