#TrumpTariffs President #Trump has threatened to impose International Emergency Economic Powers Act (IEEPA) tariffs on Canada, Mexico, and China related to fentanyl; national security tariffs on autos, auto parts, steel, and aluminum from all countries; and IEEPA tariffs on all countries related to an economic national emergency at a baseline rate of 10 percent with scheduled increases for more than 50 trading partners later in 2025.
Under the tariffs currently in effect, the weighted average applied tariff rate on all imports will rise to 15.0 percent, and the average effective tariff rate, reflecting how much tariff revenue the new tariffs will raise after incorporating behavioral responses will rise to 12.1 percent under the current tariffs—the highest average rate since 1941. We estimate tariffs will cause imports to fall by about $542 billion in 2025, or 16 percent.
The so-called reciprocal 10 percent baseline tariffs will raise $727 billion in revenue over the next decade, excluding Canada and Mexico. The scheduled increases after the 90-day pauses end will reduce revenue by $64 billion over the next decade as higher tariffs on China and the EU will cause imports from those jurisdictions to decline substantially.
Altogether, Trump’s tariffs will raise $2.0 trillion in revenue over the next decade on a conventional basis ($1.3 trillion on a dynamic basis) and reduce US GDP by 0.8 percent, all before foreign retaliation. $TRUMP $BTC
#BTCBreaksATH110K It looks like you're referencing a Bitcoin milestone — possibly suggesting that BTC (Bitcoin) has broken an all-time high (ATH) of $110,000. If this is real-time news or a trending topic, I can verify it for you.
Would you like me to check the current BTC price and confirm if it has indeed broken $110K?
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