Wednesday, February 25, 2026

Trump Tariffs Comes Into Effect at Lower Than Expected Rate

US President Donald Trump's new global tariffs have come into effect at 10% despite a pledge to introduce them at a higher rate.

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Trump loves tariffs but the economy doesn't paulkrugman.substack.com/p/attack-of- ...

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-- Paul Krugman (@pkrugman.bsky.social) Feb 24, 2026 at 10:28 AM

Comments

TACO

#1 | Posted by bat4255 at 2026-02-25 07:46 PM

Phase 1: Steal Underpants.
Phase 2: ?
Phase 3: Profit

#2 | Posted by snoofy at 2026-02-25 07:49 PM

I suspect there are a lot of Americans like me, who watched those tariffs run daily costs from small items like my daily fix of good dark chocolate to unacceptable heights... and then watched larger items get priced out of affordability, and hope Trump is the last politician who thinks taxing consumers to help producers is a good free market practice.
Of course Musk spent hundreds of millions of dollars to reinstall Trump into the White House, if the tariffs on Chinese Evs went away, so would Tesla.

#3 | Posted by Hughmass at 2026-02-26 06:54 AM

#2

The MAGA era has been an extended version of the Underpants Gnomes episode of South Park.

#4 | Posted by anton at 2026-02-26 07:03 AM

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