Economic Armageddon from Trumponomics Bringing Uncertainty, Chaos, Retaliation. - Silicon Curtain

[TexasTowelie]

Edition No126 | 12-04-2025 - Trumponomics is bringing results. Uncertainty, chaos and retaliation. China has hiked tariffs on US imports to 125 percent. This rate is likely high enough to effectively dampen US access to the Chinese market. The implication are not clear, and it’s unlikely that anyone in the Trump administration has modeled this out in any detail.

This announcement comes after the White House clarified it was imposing tariffs totaling 145% on China. This combines the previously announced 125-percent rate with a 20-percent import tax levied for fentanyl smuggling. White House press secretary Karoline Leavitt defended Trump’s aggressive tariff policy by citing similar measures he took against China during his first term. Evidence of the success from these original policies was not provided.

“He effectively implemented tariffs in his first term while driving down the cost of living in this country. And that’s what he’s focused on doing again,” she said, repeating a GOP talking point. Economists, including from the United Nations have characterized Trump’s first-term trade war a “lose-lose” situation. There is evidence that both the US and China’s economies suffered losses, but little evidence for economic growth in the US as a potential benefit.

[progree]

1. "He effectively implemented tariffs in his first term while driving down the cost of living" - nope

During the first coup regime, the year-over-year numbers (rolling 12 month averages) never went negative, not even once. The rolling 3 months averages were negative (meaning overall prices actually went down) in March-June 2020 during the pandemic's worst economic days (shutdowns and all that), but then back to positive territory (prices rising).

And like I said, even with those negative price-change months, at no time did the year-over-year numbers turn negative.

CPI: https://data.bls.gov/timeseries/CUSR0000SA0
To see rolling 3 month averages and 12 month averages (graphs and tables):
Click on More Formatting Options at upper right
Select the following check boxes:
3-month percent change
12-month percent change