Tariffs? Did someone say Tariffs?

[atlkvb]

US economy maintains its high S&P credit rating, analysts find Trump tariffs offset his tax cuts

excerpt
When Trump began to rolling out his tariff-increase plan in February on U.S. trading partners, many economists predicted the U.S. economy and global financial markets would tumble. “Amid the rise in effective tariff rates, we expect meaningful tariff revenue to generally offset weaker fiscal outcomes that might otherwise be associated with the recent fiscal legislation, which contains both cuts and increases in tax and spending,”

*Treasury Secretary Scott Bessent has said tariff revenues for this year could be “well in excess of 1% of GDP,” revising his previous estimate of $300 billion.

 

[WVUALLEN]

Must say I was not a fan of raising Tarrifs due to the escalation of product prices. But now economy and market are thriving. Other countries are negotiating with the US.

These tariffs seem to be working as planned.

 

[Gunny46]

 

[Gunny46]

It’s official. We have finalized our historic U.S.–EU Framework Agreement on Reciprocal, Fair, and Balanced trade. The EU has agreed to open its $20 Trillion market. The second largest in the world behind the great USA This deal:

Eliminates EU tariffs on all U.S. industrial goods,

Creates historic access to the vast European markets for American farmers, fishermen and ranchers,

Delivers $750B in European energy demand during President Trumps term

And EU firms will invest an additional $600B in new investments in America The America First Trade Agenda has secured the most important trading partner creating a major win for American workers, U.S. industries, and our national security. Tariffs should be one of America’s favorite words. See the full Joint Statement below