Manufacturing jobs fall as Pres. Trump’s cost-raising policies (tariffs on inputs & deportations of workers) begin to work as expected 🤷‍♂️

Price hikes aren’t the only way to pass on the tariffs to American consumers 👇
>Levi Strauss will limit items for holiday shopping season
• Limiting selection should mitigate tariff costs, protect margins
• Strategy has been used by other brands including Hasbro, Nike

.📣 @ChrisGiles_
👉 “there was a 16 per cent drop in services exports to the EU in sectors where Brexit imposed new trade frictions “

✍️ @rbrtrmstrng
“Ninety deals in 90, no wait, 113 days, and we’re serious this time”
👉 The deadline, to absolutely no one’s surprise, was no deadline at all.

Talking my eBook "The Great Trade Hack" on CNN International!
video.snapstream.net/Play/1Cje19... @IMD_Bschool @cepr_org

This is why markets look through Trump‘s tariff announcements 🎩 @martinwolf_

Today is TACO Tuesday!
👉 As predicted in June, Trump chickened out (he lowered tariff rates and postponed his postponement)!
👉GDP growth slowly, inflation rising. He couldn't risk carrying through with his 2 April 2025 tariffs.

Why did President Trump chicken out yesterday on the deadline (pushed to 1 August) and on the rates (substantially reduced)?
👉 Because tariffs are pushing up retail prices; that can't be good for his base.

Trump trade advisors super MAGA! (not).
➡️Apart from Navarro, all more moderate on trade than Trump himself.

Why Trump tariffs will harm US industrial competitiveness
👉Factful Friday rerun!
US final good tariffs protect final goods firms but tariffs inputs harm them.
🔗https://www.linkedin.com/pulse/trumps-tariffs-china-harm-us-manufacturing-richard-baldwin-pmmte/?trackingId=Pmct8VMqME8F24k%2F2iz2Sg%3D%3D