Also discussed using tariffs to leverage negotiating power over bad actors, per another person in the room
— Emily Wilkins (@emrwilkins) June 13, 2024
And there are people who think Trump is better on inflation than Biden? In addition, nothing like reinstalling good old 19th Century fiscal policy! Given that Republicans want to bring back the economic disparities and spoils systems of the Gilded Age, I suppose it adds up. Let's not put these guys back in control of.....anything.Trump has reportedly floated the idea of replacing income taxes with tariffs. I’ll have to write this up in detail, but my first-pass estimate is that this would require an *average* tariff rate of 133 percent.
— Paul Krugman (@paulkrugman) June 13, 2024
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