Conrad Putzier
speaker
146 appearances
3 recordings
1 series
first heard Aug 2025
last heard 3d ago
Conrad Putzier’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Sep 2026 with 1.
Appearances
So this lack of mobility really ripples through the economy.
And the longer it persists, the more it hurts growth.
Thanks for having me.
The real effective tariff rate is significantly lower than what they would have thought based on just the announcement of the headline tariffs and all the averages.
So what economists did is basically go through the actual data from the Census Bureau in May to figure out what did importers in the U.S.
actually pay in tariffs.
And what they found was that the real effective tariff rate is significantly lower than what they would have thought based on just the announcement of the headline tariffs and all the averages.
And they have two possible explanations.
One is that there's a ton of exemptions, that there's all this stuff that is not yet subject to tariffs, like semiconductors and pharmaceuticals and certain energy products and some electronics.
And if
foreign goods are made with at least 20% American materials, then whatever the share of American-made materials is is exempt from tariffs.
Essentially, more than half of imports weren't even subject to tariffs, even though, in theory, the whole world was slapped with tariffs.
And then the second explanation that they have, which a bunch of other economists have also pointed out,
It's just that companies have been pretty good at shifting their imports to other countries where tariffs are lower.
So China gets incredibly high tariffs, and then you switch your imports to another country, which does not have high tariffs or any tariffs.
Oh, it almost certainly will change.
There's actually a lot of reasons to think why it will change.
Trump has threatened tariffs on pharmaceuticals and semiconductors, which are currently exempt.
And then the second big thing, of course, is that a lot of companies, even those that have been paying tariffs, have just not been passing them on to consumers.
And now companies have more certainty.
Showing 121–140 of 146 · page 7 of 8
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