Moody's Talks - Inside Economics ☹️
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Apr 4, 2025 The hosts dive into the downturn of stock market prices and its implications, prioritizing it over job market concerns. They analyze the tariffs from the trade war, emphasizing their negative impact on stock prices and questioning their long-term effectiveness. A discussion on the regressive nature of proposed taxes highlights challenges for low-income households. They debate the fairness of the trade deficit and explore the complex landscape of tariffs, particularly in relation to international negotiations, revealing the urgency for swift economic discussions.
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Stock Market Decline
- The decline in US stock prices is primarily attributed to President Trump's trade war and recently announced tariffs.
- These tariffs are expected to significantly impact inflation and real GDP.
Tariff Calculation
- President Trump's announced tariffs are not truly reciprocal, as claimed.
- They are calculated based on trade deficits, not actual tariff rates or trade barriers imposed by other countries.
Tariff Revenue
- Raising substantial revenue through tariffs is unlikely due to reduced imports, retaliation, and potential recession.
- The Congressional Budget Office would not factor this into their calculations due to the tariffs not being legislated by Congress.