- Drop Digital Tax - Ponied up war budgets to 5% of GDP (buying mainly US military equipment) - Promise to buy more US LNG
Still hit with across the board 30% tariffs, with promise for raise more if there is retaliation.
It's a shame US (non elite) taxpayers will bear the brunt of US tariff costs, the only light here is that maybe some of this will hit wallets hard before the US midterms.
This ridiculousness has secondary effects that hit faster than the direct price rise. Just the uncertainty about Trump changing his mind every week has made many importers and exporters nervous enough to indefinitely postpone transactions and shipping. You can imagine the resulting havoc.
What else did he get for Christmas?
7moritz7•6mo ago
Consumer prices will skyrocket in the US unless these are reversed