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“Liberation Day” Tariffs Explained
The April 2 announcement contained two distinct tariff actions.
First, a universal 10 percent tariff will apply to virtually all U.S. imports starting April 5.
Second, beginning April 9, the administration will impose country-specific “reciprocal” tariffs—targeted at 57 named countries, with rates reaching as high as 50 percent. These nations were identified as chronic trade offenders, based on their bilateral trade surpluses with the United States, perceived tariff asymmetries, and other barriers to U.S. exports.
It's been two days and the bar is that there aren't riots at Costco yet.
Unless it involves Pokemon cards, theres fights over scalpers and "investors"
He writes "your money" columns for the Times. I assume it's columns like "Your kid's university will cost upwards of $70,000 a year. How can you afford it?" I wonder how long it's been since he talked to or thought about anybody who isn't wealthy enough to be a prospective reader of his columns.
Maybe in the near future he'll have a column titled "Despite the Trumpian economic chaos - here's how you might plan a family summer vacay in Europe."
Toilet paper hording is the bar for concern
I don't get why people panic about TP. if you really have to you can just rinse your butt out in the shower
What I love about that example is - for one - toilet paper doesn't go bad. And you sure as fuck are going to have problems if you run out, it's sold out everywhere locally, and even at online places like Amazon it's sold out too. If Trump doesn't eventually back down - there will be black markets in the US.
"You want toilet paper? Yeah, I got a roll. I'll even be honest with ya 'cause that's how I roll - I mean am. It's single ply and it's about as soft as sandpaper. It's a 'banana'. That means ten bucks."