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#maganomics

3 posts2 participants0 posts today

the government of Hong Kong cited US President Donald Trump’s decision last week to eliminate the so-called “de minimis” exception for postal items sent from the city to the US.

“The US is unreasonable, bullying and imposing tariffs abusively,” the government said in the statement. “The public in Hong Kong should be prepared to pay exorbitant and unreasonable fees due to the US’s unreasonable and bullying acts.” #tradewar #tariffs #MAGAnomics cnn.com/2025/04/15/business/ho

CNN · Hong Kong suspends postal service to the US after Trump’s tariff hikesBy Chris Lau

I cannot stress how stupid an economic policy it is to demand that everything be made in your country while simultaneously kicking out all the immigrants we need to have an adequate labor force, not to mention kidnapping doctors and students so fewer people will even want to come here.

Continued thread

the above post is a study of tariff rates that show for every 3.6% increase, you cant expect .4% of GDP contraction that can last for up to 5yrs. tariffs are a real lag, that math (26%/3.6%x.4) works out to at least a 2.89% GDP contraction or recession. But it will also come with high inflation and unemployment as ppl are laid off and import prices for inputs rise #MAGAnomics

"Using data for 151 countries over 1963–2014, we find that tariff increases are associated with an economically and statistically sizeable and persistent decline in output growth... The impact is persistent and increases with the magnitude of the tariff change. Our baseline econometric model suggests that a one standard deviation increase in the tariff rate (corresponding to a 3.6% points) leads to about a 0.4% decline of output 5yrs later."
#MAGAnomics pmc.ncbi.nlm.nih.gov/articles/

PubMed Central (PMC)Are tariffs bad for growth? Yes, say five decades of data from 150 countriesThe empirical evidence on the growth effects of import tariffs is sparse in the literature, notwithstanding strong views held by the public and politicians. Using an annual panel of macroeconomic data for 151 countries over 1963–2014, we find that ...