Today in Politics, Bulletin 104. 4/3/25
Today in Politics, Bulletin 104. 4/3/25 Ron Filipkowski Apr 3 ∙ … Trump unveiled his tariffs last night, and it was far worse than anyone expected. The tariffs varied by country, but most were extremely high and appeared to make very little economic sense. When we learned how the tariff rates were calculated, it showed that they were a function of our trade deficit with most of the countries. So if we buy too much from a country, Trump imposed huge tariffs on them. In other words, they are NOT reciprocal tariffs, even though the WH is calling them that. … JP Morgan issued a report saying that Trump’s tariffs are “the largest tax increase since the Revenue Act of 1968 . The somewhat confusing nature of today’s news, coupled with uncertainty over how long these tariffs will remain in place, should make for an even less friendly environment for investment spending.” … Sen. Rand Paul today in the Senate: "Despite arguments to the contrary, Am...