Trump's tariffs are the most expensive and masochistic the US has pursued in decades.
A very crude estimate of Trump's tariffs puts the projected loss at $20 trillion dollars, or well over $200,000 per family of four.
Here is the basis for the calculation:
A very crude estimate of Trump's tariffs puts the projected loss at $20 trillion dollars, or well over $200,000 per family of four.
Here is the basis for the calculation:
As the president spoke, the value of all US stocks fell at least 2 to 3 percent or about $1.5 trillion dollars.
Most of the losses to corporations were already discounted before the president spoke. So $4 trillion is a better estimate of stock market loss.
Most of the losses to corporations were already discounted before the president spoke. So $4 trillion is a better estimate of stock market loss.
The stock market discount only represents lost corporate profits. Corporate profits are about 10 percent of GDP, so very conservatively the present value of economic loss is 5 times the stock market loss or $20 trillion dollars.
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