Top economic advisers to Trump (Bessent in his confirmation hearing, Miran in his Nov 2024 paper) have said that tariffs need not raise consumer prices so long as the dollar appreciates, as it did in 2018-19. The dollar has gone the other way.

Well, JPMorgan’s chief economist Bruce Kasman certainly sounds cheery.

Yes: If you wanted to reindustrialize the U.S. without making extreme claims about job gains and while fending off China to enable U.S. tech growth your path forward would look a lot like the CHIPS and Science Act. Ronald Brownstein EJ Dionne Matt Hourihan Paul Krugman

Does Ron Vara have any hot takes on the market?

I would just like to point out that very recently Trump was claiming tariffs on semiconductors would specifically help bring back US production, in contrast to the terrible CHIPS Act.

So the strategy all along was to bring back labor intensive manufacture of underwear and shoes but not iPhones and semiconductors. Brilliant.

Smart move from the administration here 👇. They could go even further by exempting all products used by American consumers and businesses, to put the full squeeze of the tariffs firmly on China.

Whether you love or hate tariffs, you can't help but be impressed at the detailed policy planning, the transparency of the policy process, the credibility of Administration announcements, relentless attention to detail, flawless execution, and the thoughtful predictability that

If you were running a secret strategy to undermine American manufacturing, exempting popular finished consumer goods from tariffs and keeping them in place for intermediate goods, capital goods and raw materials would be a good way to go about it.

Yes, due process is not just an innovation for fairness. It's a clever system for accuracy in the face of human bias, self-deception, and overconfidence.

Trump says ‘home-grown’ Americans are next to go to El Salvador, tells Bukele ‘gotta build about five more places’ trib.al/Ti1eOJx

Google is now leading on multiple fronts on AI metrics.

Stocks down, yields up, dollar down, again! Great news, if you hate yourself and everyone else

In the 3 weeks since the tariffs took effect, ocean container bookings from China to the United States are down over 60% industry wide. 🧵

It is 5:20 on a Friday evening. Heavy duty construction going on 10 feet from our patio where people are trying to dine. Seriously, WTF is wrong with this city. Businesses will continue to leave PoPville Uptown Main Street RAMW CM Janeese Lewis George DDOT DC Mayor Muriel Bowser

Are those two guys still gonna open up Ft. Knox together to look for the gold?

Former DOGE engineer says federal government has fewer people sitting around than silicon valley does npr.org/2025/06/02/nx-…

New CNN reporting: The Trump admin has discussed possibly helping Iran access as much as $30 billion to build a civilian-energy-producing nuclear program, easing sanctions, and freeing up billions of dollars in restricted Iranian funds – all part of an intensifying attempt to

Fine jobs report that doesn’t really give the Fed any reason to cut faster. But notably, manufacturing employment fell again this month. The gains are largely coming from health care and state and local education, the sectors Trump’s people supposedly want to deemphasize.

Lol, we’ve gone from ‘the USAID program analysts will make shoes’ to ‘people will pick strawberries to keep their health care’