Tuesday, April 1, 2025

US imports came to $4.11 trillion in 2024: You'd have to tariff this out of existence to pay for the nearly $7 trillion in federal outlays in fiscal 2024

The tariff rate would have to be 170%, not 20% or 25% or even 50%.

Those are not serious proposals.

Humoring Mad King Ludwig about this is an errand worthy only of fools.