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Tariff talk Bloomberg via Yahoo

WABACWABAC
in Off-Topic
I figure this is liable to get political, so best to start it here,

Dinky linky.

It covers a lot of possibilities and consequences that I won't try to summarize here.

As an amateur student of history, I did note the following:
According to calculations by economists Maeva Cousin and Eleonora Mavroeidi of Bloomberg Economics, raising tariffs on Chinese imports to 60% and those from all other countries to 20% would lead to a bigger shock than even the Smoot-Hawley Tariff Act of 1930 delivered.

That legislation, widely credited with setting off trade wars that deepened the Great Depression globally, saw average US tariff rates go from 14% to close to 20%. Trump’s proposals would send the average from 3% currently to more than 20%, a far steeper jump.
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