Trump unleashes new hell on the economy--even if he pulls a TACO
President Donald Trump issued more insane tariff threats over the weekend, announcing that he will put a whopping 30% tariff on goods from the European Union and Mexico that, if implemented, would cause inflation and pain for American consumers.
The 30% tariff is even higher than the "Liberation Day" tariff rates Trump placed on the EU and Mexico in April but was forced to pause because the stock market cratered after economists warned of economic devastation.
This time, however, stock markets are responding with a collective yawn, as investors assume that Trump will pull a TACO and chicken out of actually implementing the massive tariffs on two of the United States' largest trading partners.
Yet even if the ultimate tariff rates are lower than 30%, any increased tariffs will be inflationary and hurt lower-income Americans.
https://www.dailykos.com/stories/2025/7/14/2333315/-Trump-unleashes-new-hell-on-the-economy-even-if-he-pulls-a-TACO
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