US effective tarrif rate is now at the highest level since 1930s per Fitch
Posted by Straight_Ad2258
US effective tarrif rate is now at the highest level since 1930s per Fitch
Posted by Straight_Ad2258
6 Comments
Source: https://bsky.app/profile/carlquintanilla.bsky.social/post/3lluhab72dc2l
US going full “Jesus take the wheel, all gas no brakes”
Someone layer annual gdp on top of this
https://preview.redd.it/n7165v9ilise1.jpeg?width=545&format=pjpg&auto=webp&s=a4a84182aed4810526a0a023b75bb91830f902de
Even before in history we haven’t jacked it up this quickly and this inconsistently.
I don’t think we’re going to Great Depression levels of economies since we have a more flexible economy and monetary policy now, but we’re sure we shit going into a Great Recession 2.0.
This might seem bad, but at least our imports as a share of the economy haven’t like tripled… right?