Jen Psaki
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Podcast Appearances
Now, that coup, much like January 6th here, didn't work.
But unlike January 6th here, where Trump managed to avoid all accountability, last year the government of Brazil was criminally prosecuting Bolsonaro for his coup attempt.
Whether it was to help his buddy or to quash the precedent that governments could prosecute former leaders for coup attempts, Trump decided to intervene.
He threatened a 50% tariff on Brazil, partly in retaliation for Bolsonaro's prosecution, demanding that Brazil's current president, that he drop the charges.
And guess what?
Brazil didn't comply.
Trump did hit the country with a 50% tariff, but Brazil prosecuted Bolsonaro anyway, sentencing him to 27 years in prison.
And then, after all that, after all that chest-pounding and all that bluster, Trump dropped the tariffs anyway.
He chickened out.
Now, what makes Trump using tariffs like this all the worse is that it is not just foreign countries that end up paying the price for all of Trump's wheeling and dealing.
It's, of course, you.
Last week, economists at the Federal Reserve Bank of New York and Columbia University determined that through November of last year, 90% of the economic burden of Trump's tariffs fell on U.S.
companies and consumers.
And days before that, a conservative-leaning think tank released their own research, showing that Trump's tariffs cost U.S.
households an average of $1,000 last year.
And that's a conservative estimate in more ways than one.
Other estimates go as high as $2,400.
So now that the Supreme Court has struck down most of Trump's tariffs, it's illegal.
Does anybody get a refund?
Does anybody get any money back?