Netizen: 24: India

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Remote Work Productivity Hacks
How to Make Money with AI Tools
AI for Beginners

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— Brother Eric's Church & State (@ericschurchnst8) June 24, 2025

Top economist who previously sounded the alarm on tariffs sees a possible scenario where Trump ‘outsmarted all of us’ “Maybe the strategy is to maintain 30% tariffs on China and 10% tariffs on all other countries and then give all countries 12 months to lower nontariff barriers and open up their economies to trade,” he speculated. ........ extending the deadline one year would give other countries and U.S. businesses more time to adjust to a “new world with permanently higher tariffs.” ........ “This would seem like a victory for the world and yet would produce $400 billion of annual revenue for U.S. taxpayers,” he added. “Trade partners will be happy with only 10% tariffs and U.S. tax revenue will go up. Maybe the administration has outsmarted all of us.” .......... Also in April, before the U.S. and China reached a deal to temporarily halt triple-digit tariffs, he said the trade war between the two countries would pummel American small businesses. ........ Fed Governor Christopher Waller said Friday that economic data could justify lower interest rates as early as next month, expecting only a one-off impact from tariffs. But San Francisco Fed President Mary Daly also said Friday a rate cut in the fall looks more appropriate, rather than a cut in July. ........ Still, Sløk isn’t alone in wondering whether Trump’s tariffs may not be as harmful to the economy and financial markets as feared......... Chris Harvey, Wells Fargo Securities’ head of equity strategy, expects tariffs to settle in the 10% to 12% range, low enough to have a minimal impact, and sees the S&P 500 soaring to 7,007, making him Wall Street’s biggest bull........... it’s still necessary to make progress on trade and reach deals with big economies like India, Japan, and the EU. That way, markets can focus on next year, rather than near-term tariff impacts.

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