There is a blinding amount of news bombarding us daily and consumer sentiment is in the trash. Heather Cox Richardson has compiled important issues you may have missed amid all the Trump turbulence of the past few weeks.
Article/Photo Credit: Letters from an American Substack – https://heathercoxrichardson.substack.com/
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The tariff change happened so quickly that White House officials could not tell reporters what the actual tariff rates were for different countries. When more information was available, Kevin Schaul of the Washington Post noted that Trump’s new tariff levies had actually increased tariffs rather than lowered them because he had dropped rates only on goods from countries that don’t export much to the U.S. He had raised them significantly—not just to 125% but to 145%—on China, a major trading partner.
