Date: June 11th, 2025 10:00 AM Author: razzmatazz unholy nursing home
i got real busy with work and shit the last 6 weeks. i haven't keept up, but didn't trump just tank the markets by announcing tariffs but wound up reversing course on most of them?
Date: June 11th, 2025 10:34 AM Author: Irradiated underhanded bawdyhouse
It's 10% everywhere and 30% on China. The 50% on steel and aluminum was just enacted so you won't see that in the current inflation number. As everything this administration does, it's a clusterfuck and trump just lies about everything (see tariff tracker below).
The announced deal framework with mexico yesterday is effectively just status quo pre-liberation day. The bet so far is that Trump will TACO his way through this over the next few months. So retailers are burning off pre-liberation day inventory and praying that everyone will cut deals to bring back the status quo.