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Has Trump Won the Trade War?

Many Happy Returns

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The Financial Impact of Tariffs

This chapter examines the economic consequences of tariffs on imported goods in the U.S., emphasizing how importing companies pass extra costs onto consumers. It discusses predictions of rising inflation linked to tariffs and the challenges this poses for monetary policy and federal revenue. The conversation further highlights 'tariff laundering' practices and the difficulties future administrations may encounter in reversing these tariffs amidst rising fiscal deficits.

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