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
Still, the Largest Tax Increase Ever!!!
No tariffs yet on Canada, Mexico (and EU for that matter). Still, 10% on $1.55 trn imports (on top of previous tariffs) is a big
Uncertainty – Economic and Trade Policy, Day by Day
Through 2/2/2025 (for EPU): Figure 1: Trade Policy Uncertainty (blue, left scale), 7 day centered moving average (redb, left scale), Economic Policy Uncertainty (green, right
Biggest Tax Increase Ever! | Econbrowser
In nominal dollar terms. Thanks, Trump. Notes: Tax increase associated with announced Trump tariffs on Canada, Mexico, and China assuming a unitary price elasticity of
Bringing Down Grocery Prices, Trump Style
CPI food at home is 8% of total CPI weights, fresh vegetables and fruit are 1.1%. Assume half of fresh vegetable and fruit are imported
I Guess I Picked the Wrong Week…
to you know what (apologies to Abrahams and the Zuckers). In one day, US taxes roughly $2.4 trn worth of goods (2023 amounts). Biggest one
Canadian Oil, Tariffs, and Gas Prices
Should’a bought that EV! Joseph Brusuelas notes tariffs should show up in gas prices in the Midwest pretty quick. Source: Brusuelas (2025). Current price is
The Price Elasticity of Avocado Supply, Demand, and Tariff Pass Through
I was pondering whether the US is a large country insofar as tariffs on avocados are concerned. Since 90% of consumption is from Mexico, one
Economic Policy Uncertainty and VIX on the Eve of (Trade) Destruction
Through 1/31/2025, in anticipation of tariffs that might or might not be announced today. Figure 1: EPU (blue, left scale), 7 day centered moving average
On the Eve of (Trade) Destruction*
The White House has confirmed imposition of tariffs on Canada, Mexico, and China tomorrow (Feb 1). Why are tariffs on Canada and Mexico different than