EPU after Reciprocal Tariffs Announced, Before New Steel, Aluminum Tariffs
Up, up and away.
Search Results for: tariffs
Fourth (maybe Third) Largest Tax Increase Ever – China 2025 Tariffs
No tariffs yet on Canada, Mexico (and EU for that matter). Still, 10% on $427 bn imports (on top of previous tariffs) is a big deal.
Doug Irwin, On Tariffs
Doug Irwin, my coauthor of International Economics, is in the news today, for obvious reasons.
Canadian Oil, Tariffs, and Gas Prices in PADD 2
Should’a bought that EV! Joseph Brusuelas notes tariffs should show up in gas prices in the Midwest pretty quick, as the region gets its oil from Canada.
Do You Feel Lucky? Trump Tariffs in View
Canada is America’s second largest trading partner. In 2023, of the $416 billion of imported goods from Canada, $119 billion is oil and gas, and petroleum products and coal. (Total merchandise imports is $3.1 trn.) From the Milwaukee Sentinel Journal today:
The American People on the Incipient Tariffs
From a fascinating paper by Oli Coibion, Yuriy Gorodnichenko and Michael Weber, “The Upcoming Trump Tariffs: What Americans Expect and How They Are Responding“:
CBO on the “Trump 10/60 Tariffs”
That’s my name for Trump’s 10% universal tariffs plan augmented with additional 60% on Chinese-made imports. h/t to Torsten Slok for the CBO letter. I show implied effects on PCE deflator inflation, and GDP relative to January 2025 CBO projection.
100% Tariffs on Goods from Denmark – Doubling the Price of Ozempic?
Per DJT. That’ll show those elitist diabetes/weight-loss drug consumers! Some back of envelope calculations for Wegovy and Ozempic (both manufactured by Novo Nordisk).
Guest Contribution: “Trump threatens tariffs against a BRICs chimera”
Today, we present a guest post written by Jeffrey Frankel, Harpel Professor at Harvard’s Kennedy School of Government, and formerly a member of the White House Council of Economic Advisers. An earlier version appeared at Project Syndicate.
Trump: “Tariffs are going to make our country rich”
From Reuters: In an interview with NBC’s Meet the Press that aired on Sunday, Trump said he did not believe that consumers ultimately pay the price of tariffs, adding “I think they’re beautiful.”