THE TRUMP TARIFFS ARE EFFECTIVELY A LARGE TAX INCREASE ON AMERICANS, CANADIANS, MEXICANS, AND CHINESE.
EXPECT ENSUING TRADE WARS TO BE A MASSIVE DRAG ON THE ECONOMY WITHOUT SIGNIFICANT REDUCTIONS IN OTHER TAXES.
SHOULD BE INTERESTING TO WATCH PLAY OUT.
MY PLAN IS TO STAY HUMBLE AND STACK SATS ABOUT IT.
THE IMMEDIATE EFFECT IS THE RAISE IN PRICES DENOMINATED IN USD! LONG RUN? RAISE IN PRICES!
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