And that’s just a warm up. Weight adjusted tariffs are 17.6%. Multiply times a little over $4T of imports and you have real money. About $800B of imports are services. I don’t think they are subject to the new tariffs. But as our economy grows, so will our appetite for imports grow. Like rare earth metals.
And that’s just a warm up. Weight adjusted tariffs are 17.6%. Multiply times a little over $4T of imports and you have real money. About $800B of imports are services. I don’t think they are subject to the new tariffs. But as our economy grows, so will our appetite for imports grow. Like rare earth metals.