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Tariff Threats & Retreats: What exactly is Trump looking for in a trade deal?
MSNBC· 2025-07-09 20:45
Trade Policy & Tariffs - The current US effective tariff rate stands at 15%, increasing to 17% after recent trade agreements, significantly higher than the pre-administration level of 2% or less [9] - The imposition of tariffs is viewed as taxes on American businesses and consumers, ultimately leading to higher prices and reduced spending [14][17] - The US trade policy is causing a reshaping of global supply chains, trade relationships, and geopolitical dynamics [11] - There is concern that the US President's approach to trade deals lacks binding commitment and can be unilaterally altered, making it difficult for other countries to offer meaningful concessions [6][7] Economic Impact - The tariffs are expected to negatively impact economic growth and employment in the latter half of the year [17][18] - Consumers are starting to feel the impact of tariffs through increased costs, as exemplified by unexpected tariff charges on imported goods [15][16] Federal Reserve & Monetary Policy - The US President is expected to exert pressure on the Federal Reserve to lower interest rates, potentially compromising the Fed's independence and its broader economic objectives [21][22]
X @Bloomberg
Bloomberg· 2025-07-08 10:15
Sentiment - US small business sentiment declined slightly in June [1] Concerns - Owners worried about taxes [1] Policy Impact - Ahead of a major legislative win for the Trump administration [1]
X @The Economist
The Economist· 2025-07-06 05:00
William Ruto was elected by a thin margin in 2022 promising to champion Kenya’s poor and take on its traditional elite. Instead the wealthy businessman moved to raise taxes https://t.co/f7zOqKl4WT ...
GOP Trump critic Rep. Don Bacon on listening to both sides and why he voted for Trump’s megabill
MSNBC· 2025-07-05 20:30
in Congress. A retired brigadier general in the Air Force, Bacon was first elected to the House in 2016, the same cycle as Donald Trump's first presidential election. In the decades since, Bacon's become known as one of the few Republicans who's been unafraid to speak his mind based on his principles, his beliefs, and what he thinks is best for his constituents, even if that doesn't sit well with his party.Announcing his retirement, Bacon told the New York Times, quote, "I'd like to fight for the soul of ou ...
