Tariffs!
Rob’s comments are in italics.Derek’s comments are in normal font.
Thanks for reading Sovereign Finance! Subscribe for free to receive new posts.
Well, it's been a pretty hectic week since Donald Trump announced his swinging tariffs on the rest of the world. Using this word tariff is a bit of obscurity. These things used to be called import duties. They're not paid by the foreign governments, which is the implication that he wants to convey. They're paid by anybody within the United States who's importing goods from any of these other places. So it's yet another tax. It does mean that all of…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.