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Open original source ↗“The Big One” - Reciprocal Tariffs would likely increase US tariffs from $75 B in 2024 to ~ $1 T in 2026. Reciprocal includes anything that taxes or discriminates against US business. Market shrugging off as largely a negotiating tactic despite the words to the contrary. ⚔️🇺🇸
Quoted context
These are the quoted author’s words.
“The birth of the external revenue service is going to take us back to the future where it looked alot like McKinley where the country prior to 1913 relied almost exclusively on tariff revenues and we prospered. Trump wants to get back to that kind of world.” @RealPNavarro https://t.co/1vsYl80pcJ
altcap ↗