Politics
Effective Tariff Rate Plunges 30 Percent Despite Higher Import Volumes
Forward Guidance
The Consumer Cushion Is Almost Gone | Weekly Roundup
"Tariff revenues are in a straight line down from their peak in October. They're down 30%. Meanwhile, import volumes are up. The effective tariff rate peaked at $31 billion a month in October. We're down to $22 billion, but that's on higher trade numbers. The effective tariff rate is from 13% to 8% right now."
The hosts revealed previously unreported Treasury data showing that despite increased import volumes, tariff revenues have fallen 30% since October, with the effective tariff rate dropping from 13% to 8%. They argued Trump is quietly unwinding his signature tariff policy without public acknowledgment after it damaged his approval ratings, contradicting his campaign promises and public stance on trade.
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Forward Guidance