Ed Elson
๐ค SpeakerAppearances Over Time
Podcast Appearances
where Trump has gotten this number from.
That is literally more than half of our current GDP.
His own website says that the number is 9.7 trillion, which is also a made-up number.
This is, like, based on nothing.
As we've said, none of these are actual deals.
They're just verbal commitments, and then they explode the numbers by 100% to the upside and the downside, depending on the day.
I mean, that number is...
So that's the first thing.
The other thing he said is that foreign countries are paying the tariffs.
Multiple studies have been done.
90 to 96% of the tariff burden is falling on U.S.
He said the prices are plummeting downward.
Prices have risen nearly 3%.
Gas is below $2.30 in most states, $1.99 in some.