2% was already optimistic once we decided we were buying too much from China.
And once we also decided that we needed to attack Iran.
Literally put a 50% tax on everything and then said it'll only raise prices 2%
Imports from China to the US are around 1% of US GDP.
Total imports are maybe 14%? But not as highly tariffed.
And once we also decided that we needed to attack Iran.
Literally put a 50% tax on everything and then said it'll only raise prices 2%
Imports from China to the US are around 1% of US GDP.
Total imports are maybe 14%? But not as highly tariffed.