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Which countries have been hit by US tariffs?
Which countries have been hit by US tariffs?
New rates came into effect on 7 August, except for India
New rates came into effect on 7 August, except for India
Share of US imports
Rate
Mexico
15.5%
China
13.4%
Canada
12.6%
Germany
15%
Japan
15%
Vietnam
20%
South Korea
15%
Taiwan
20%
Texas Gov. Greg Abbott moves to amp up the pressure on Democrats who fled in redistricting standoff
Texas Gov. Greg Abbott moves to amp up the pressure on Democrats who fled in redistricting standoff
More than 50 Texas Democratic legislators left the state to block a GOP effort to redraw congressional lines. Abbott said they won't be able to wait out the redistricting push.
The Big Questions
Q: What impact would you expect from Trump’s promised deportations?
Q: What impact would you expect from Trump’s promised deportations?
A: It hits the economy’s supply side. But it also hits demand because these people spend money. The question is, which one does it hit most because that determines whether it’s inflationary or deflationary. We guess that the impact on the economy's supply side will be slightly greater, which we see as slightly inflationary. Some sectors, like agriculture, construction, food processing, and restaurants, would get hit harder. That’s where you’d expect inflation to come through — in food prices, and restaurant prices. Immigration policies and tariffs could knock half a percent off growth and add 1% to inflation. It’s not ideal. But it’s certainly not a disaster.
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