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If you liked inflation under Biden, wait ‘til you get a load of Trump.

And the GOP is with him all the way!

Susan Collins trying to have it both ways here. But critical point, EVERY House GOP but one voted in the "CR" to further tie their own hands to prevent themselves from getting in Trump's way when he started Tariffgeddon

Dems gotta do more about this than Cory Booker’s filibuster.

Lutnick: "Donald Trump understands America. He understands American workers, and he understands national security. And thank goodness he's gonna protect us." pic.twitter.com/b7niLIFseC

— Aaron Rupar (@atrupar) April 3, 2025

OTOH, they might just have to stay out of the way.

Lutnick: "What's happened to the world is the global governments have backed taking our factories away from us. I mean, there's nothing about Taiwan that they should be making semi-conductors. There's nothing about Korea that they should be making all the appliances." pic.twitter.com/YtNob5FpBD

— Aaron Rupar (@atrupar) April 3, 2025

(“Global governments”?) Except Americans found out during Covid they didn’t want to do shit jobs for shit pay (and wages in Taiwan and Korea were much cheaper). Houston hasn’t had reliable garbage service since Covid. I don’t know what those former workers are doing, but they aren’t driving garbage trucks, and nobody else is picking up the slack.

And now, your moment of clarity:

It's also important to understand that the tariff rates that foreign countries are supposedly charging us are just made-up numbers. South Korea, with which we have a trade agreement, is not charging a 50% tariff on U.S. exports. Nor is the EU charging a 39% tariff. pic.twitter.com/hQriooZdBl

— James Surowiecki (@JamesSurowiecki) April 2, 2025

Just figured out where these fake tariff rates come from. They didn't actually calculate tariff rates + non-tariff barriers, as they say they did. Instead, for every country, they just took our trade deficit with that country and divided it by the country's exports to us.

So we… https://t.co/PBjF8xmcuv

— James Surowiecki (@JamesSurowiecki) April 2, 2025

Just figured out where these fake tariff rates come from. They didn't actually calculate tariff rates + non-tariff barriers, as they say they did. Instead, for every country, they just took our trade deficit with that country and divided it by the country's exports to us.

So we have a $17.9 billion trade deficit with Indonesia. Its exports to us are $28 billion. $17.9/$28 = 64%, which Trump claims is the tariff rate Indonesia charges us. What extraordinary nonsense this is.

Probably true. Jeebus, even “Idiocracy” wasn’t this bad. Although I’d pay good money to see Bessent on camera trying to explain it away. Or maybe just get him to explain how we’re “subsidizing Canada” to the tune of $300 billion a year.

UPDATE: it always gets worse, and truth is always harsher than fiction:

Comparing this to “Idiocracy” is an insult to the premise of that movie. This is in some uncharted realm beyond stupidity.

Oh, and, what the hell….  One of the places facing tariffs is a joint U.S./U.K. military base. No idea how the Council of Economic Advisers calculated that tariff.

Just think: you can tell your children when Trump made that rocket blow up like it was one of Elmo’s. 😵‍💫 (That cover is from 5 months ago.)