Ever since Trump’s first term, the political and media establishment told us that his trade policies were reckless, destructive, and doomed to wreck the U.S. economy. Every so-called expert on cable TV preached that they would crush American consumers, tank the stock market, and send our economy into a spiral.
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We’re still waiting for that to happen.
Here we are in Aug. 2025, and the Congressional Budget Office just dropped a bombshell that completely shatters the left’s narrative against Trump’s tariff strategy.
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As of August 19, we estimate that the effective tariff rate for goods imported into the United States has increased by about 18 percentage points when measured against 2024 trade flows. We project that increases in tariffs implemented during
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