welcome
Verge

Verge

US Politics

US Politics

We just declared a trade war with the world

Verge
Summary
Nutrition label

58% Informative

Trump administration announced a set of globally applied tariffs that make no sense on their face.

No sane economist would endorse this.

The central, persistent thing Trump seems to misunderstand about tariffs is that they are paid by people in the US .

The best-case scenario for all this is that these tariffs — set to roll out in stages on April 5th and April 9th — will be abandoned.

The price of groceries, clothes, and cars in particular to rise steeply.

China has announced its retaliatory tariff, which will doubtless make those estimated price rises worse.

Trump has indicated he’s open to making deals to lower tariffs on individual countries.

The ostensible reason behind these tariffs is to drive trade deficits to zero , but that makes no sense.

The idea behind tariffs is that in the long term, it lets American companies more effectively compete by raising prices on foreign goods.

That gives American -made goods a chance to raise their own prices, juicing profits.

VR Score

65

Informative language

63

Neutral language

27

Article tone

informal

Language

English

Language complexity

45

Offensive language

offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

detected

Time-value

short-lived

External references

36

https://www.wsj.com/livecoverage/trump-tariffs-trade-war-stock-market-04-03-2025?mod=WSJ_home_supertoppertop_pos_1https://www.nbcnews.com/news/latino/mexico-troops-border-trump-tariff-threat-rcna192924https://www.princeton.edu/~reddings/papers/CEPR-DP13564.pdfhttps://www.bloomberg.com/opinion/newsletters/2025-04-03/the-tariffs-have-some-mathhttps://economics.ucdavis.edu/people/christopher-meissnerhttps://www.businessinsider.com/jpmorgan-analysts-recession-risk-trump-tariffs-2025-4https://www.nytimes.com/2025/01/20/us/politics/trump-tariffs-executive-order.htmlhttps://www.nber.org/papers/w26396https://www.npr.org/2025/04/03/g-s1-57918/tariffs-threaten-to-upend-markets-american-farmers-depend-onhttps://www.wto.org/english/res_e/statis_e/daily_update_e/tariff_profiles/CE_E.pdfhttps://www.usitc.gov/publications/332/pub5405.pdf?source=govdelivery&utm_medium=email&utm_source=govdeliveryhttps://www.upi.com/Top_News/US/2025/01/26/trump-issues-trarrifs-over-deportation-flights/8151737924342/https://toronto.citynews.ca/2025/03/06/architects-say-trumps-tariffs-blows-a-complete-hole-in-continental-trade-agreement/https://fortune.com/2025/04/03/smoot-hawley-act-tariffs-great-depression-trump/https://www.nytimes.com/2025/04/03/business/economy/trump-tariffs-heard-mcdonald-islands.htmlhttps://www.cnbc.com/2025/04/04/china-to-impose-34percent-retaliatory-tariff-on-all-goods-imported-from-the-us.htmlhttps://www.reuters.com/markets/currencies/dollar-slides-traders-rush-into-safe-havens-after-us-tariffs-2025-04-03/https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr172.pdfhttps://www.nytimes.com/2025/04/04/technology/trump-tariffs-meta.htmlhttps://www.wsj.com/livecoverage/trump-tariffs-trade-war-stock-market-04-03-2025/card/trump-on-whether-he-d-make-a-deal-on-tariffs-it-depends--oZod5dqUDqzjtDCuyymXhttps://www.ft.com/content/c4f9c7f6-0753-4458-840e-bcde1b74ae7ehttps://www.404media.co/sea-of-idiocy-economists-say-trump-tariffs-will-raise-price-of-switch-2-and-everything-else/?ref=daily-stories-newsletterhttps://business.cornell.edu/faculty-research/faculty/cbb2/https://www.wsj.com/livecoverage/stock-market-tariffs-trade-war-04-04-2025?mod=WSJ_home_supertoppertop_pos_1https://fordschool.umich.edu/faculty/justin-wolfershttps://paulkrugman.substack.com/p/will-careless-stupidity-kill-the?utm_source=post-email-title&publication_id=277517&post_id=160481645&utm_campaign=email-post-title&isFreemail=true&r=7zt&triedRedirect=true&utm_medium=emailhttps://bsky.app/profile/justinbaragona.bsky.social/post/3llw4rmddok2ghttps://budgetlab.yale.edu/research/where-we-stand-fiscal-economic-and-distributional-effects-all-us-tariffs-enacted-2025-through-aprilhttps://www.nbcnews.com/politics/economics/trumps-new-tariffs-will-hit-lower-income-households-hardest-rcna199501https://www.bloomberg.com/news/videos/2025-04-02/treasury-s-bessent-on-reciprocal-tariffs-and-tax-bill-video?sref=M8H6LjUFhttps://www.nbcnews.com/politics/congress/republicans-weigh-using-power-congress-rein-trump-tariffs-rcna199555https://www.conference-board.org/topics/consumer-confidencehttps://www.nytimes.com/2025/01/27/us/politics/trump-colombia-tariffs-deportation-flights.htmlhttps://www.reuters.com/markets/jpmorgan-lifts-global-recession-odds-60-us-tariffs-stoke-fears-2025-04-04/https://www.newsweek.com/donald-trump-reciprocal-tariffs-chagos-islands-diego-garcia-us-military-base-2054767https://www.abajournal.com/news/article/a-fourth-law-firm-reaches-a-pro-bono-deal-with-trump-to-avoid-an-order-punishing-its-government-clients

Small business owner?

Otherweb launches Autoblogger—a revolutionary way to bring more leads to any small business, using the power of AI.