Sunday, April 13, 2025

Bite the Apple

If you have whiplash because you're trying to keep track of US tariffs on foreign goods, you're in good company.  It's probably best to wait until the Trump Administration is finds another distraction or two, and forgets about tariffs for a while, which is something that will happen.

Interesting observation by Josh Marshall of Talking Points Memo about the actual effect of the tariffs:

Good way to see the current tariffs, as of literally today, is no tariffs on high value add manufactured goods marketed to middle and upper middle classes. Massive tariffs for cheap consumer items which amount to the biggest economic privilege of working class/middle class life in US.

Or, in other words, the privileged are safe from the effects of the tariffs (as they stand at this moment, which was yesterday), and the not-so-privileged get - well, it's an old story, isn't it?

One of the comments on Marshall's post was "Wait til the next MAGA trip to Walmart..."

In other words:

   

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