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NY Fed report says Americans pay for almost all of Trump's tariffs, water is wet

Aldebaran

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Bradskii

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Anyone starting to get confused about where the situation re tariffs has been in this term?

From wiki: Tariffs in the second Trump administration - Wikipedia









50% tariff on steel[220] and aluminum[221] productsMarch 12, 2025;
Increased June 4, 2025
In effect
  • On April 4, 2025, the aluminum tariff expanded to include canned beer and empty aluminum cans.[136][222]
  • On June 4, 2025, tariffs doubled from 25% to 50%.[105]
  • On June 23, 2025, steel tariffs expanded to include household appliances like washing machines and refrigerators.[106]
  • On August 19, 2025, tariffs expanded to include 407 additional products including construction materials and furniture.[139]
[141]
50% tariff on copperAugust 1, 2025In effect
  • Applies to semi-finished and copper intensive items such as pipes and electrical components.
  • Excludes raw input material copper cathode, copper ores, concentrates and scraps.
[144][223]
25% tariff on automobiles and auto partsApril 3, 2025In effect
  • Reduced to 10% for UK; 15% for Japan, South Korea and EU.[155]
  • Auto parts were added on May 3, 2025. Parts compliant with the USMCA were excluded.[153]
[224]
100% tariff on brand name pharmaceuticalsOctober 1, 2025Partially in effect
  • Excludes products from companies owning or building manufacturing plants inside the US.
  • On December 1, 2025, the UK reached a deal for 0% tariffs on their medical exports.[162]
[161]
10% tariff on timber and lumberOctober 14, 2025In effect[225]
30% tariff on upholstered wooden products and 50% on cabinets and vanitiesOctober 14, 2025; Increased January 1, 2026In effect
  • Duties rose from 25% on January 1, 2026.
[225]
25% tariff on trucks and 10% tariff on bussesNovember 1, 2025In effect[226]
Global de minimis exemption closureAugust 29, 2025Struck downSee § De minimis exemption closure[227]
10% universal "reciprocal tariff" on all imported goodsApril 5, 2025Struck down[92]
Country-specific "reciprocal tariffs"August 7, 2025Struck down[83]
30% tariff on all Chinese goodsMay 14, 2025Struck downTotal tariff of 30% includes:
  • 20% "fentanyl tariff" (10% on February 4, 2025 + 10% on March 4, 2025)
  • 10% universal tariff, not applicable to § Excluded goods.
[230]

That should make it all absolutely crystal clear now. Although I'm not sure if it includes Saturday's global 10% and then Sunday's increase to 15%. And I don't know how it impacts on individual deals done regarding certain goods and materials from individual countries. I don't think the penguins are in there either (but I might have missed that).

And there's too much info for one post. See below.
 
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Pommer

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Actually, there is so much info there, I wasn't allowed to paste it all in even two posts. Easier if you just check the link.
Tariffs good, fire bad .
 
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Bradskii

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From here: Fox News Poll: Trump’s tariffs faced broad disapproval even before Supreme Court ruling

'Even before the Supreme Court handed a blow to President Donald Trump's sweeping trade policy, Americans were already voicing strong disapproval in national polling of his handling of tariffs.

A Fox News survey conducted between Jan. 23 and 26 found 63% of registered voters disapprove of Trump’s handling of tariffs, while 37% approve, a 26-point deficit that ranks trade among his weakest-performing issues.


Disapproval extends beyond trade. The poll found 59% disapprove of Trump’s handling of the economy and 65% disapprove of his handling of inflation, economic anxieties that may be shaping views of tariff policy.'

President Trump's Job PerformanceApproveDisapprove
Overall44%56%
Border Security52%47%
Immigration45%55%
Iran41%57%
Economy40%59%
Foreign Policy39%61%
Healthcare37%62%
Tariffs37%63%
Inflation35%65%
Greenland31%67%

Immigration just creeps in as a plus. Everything else? Completely underwater.
 
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