Politics
Effective Tariff Rate Plunges 30 Percent Despite Higher Import Volumes
Forward Guidance
The Consumer Cushion Is Almost Gone | Weekly Roundup
What was said
"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.
Verification status
Attributed speaker claim
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Source and context
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- Programme
- Forward Guidance
- Episode
- The Consumer Cushion Is Almost Gone | Weekly Roundup
- Clip time
- 42:30
- Original source
- Watch the source segment →
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Forward Guidance