After a lot of big talk on trade, the Trump administration needed a big win. It appears to have just gotten one.
At a news conference on the trade deal, a reporter asked Mr. Trump whether he had rushed the agreement forward in an attempt to knock the Epstein story line out of the news. “You’ve got to be kidding,” a frustrated Mr. Trump responded. “That had nothing to do with it.”
Archive - https://archive.is/iVB6I
So basically U.S. companies will pay ~100-115 billion a year to U.S. government to buy their products instead of ~30 billion in 2024.
So we should see about ~$70-85 billion dollars in inflation spread across products bought from the EU. If the numbers I found are right.
…what a win. We taxed our companies, so they could pass the costs to us, yay.