Donald Trump’s tariffs America’s biggest tax rise in nearly 60 years

 $400bn of new revenue, according to JPMorgan

Trump wants to use the revenue raised from the tariffs to pay for cuts to taxes paid by US citizens.

After extending his 2017 cuts, Trump’s next priority is likely to be cutting corporation tax for companies that produce their goods in America from 21pc to 15pc.

While tax cuts for ordinary citizens could offset some of the economic toll from higher tariffs, they will not be able to shield America from an incoming economic tornado of higher inflation, a slump in spending, job losses and the increasingly likely prospect of recession

Melissa Lawford Telegraph 4 april 2025

https://www.telegraph.co.uk/business/2025/04/04/trump-wants-cut-taxes-tariffs-raid-could-pay-for-it/


If the tariffs, which are in effect the biggest U.S. tax rise since at least the 1950s, cause the economy to shrink, stocks and yields still have a long way to go down.

James Mackintosh Wall Street Journal 3 April 2025 

https://englundmacro.blogspot.com/2025/04/market-upheaval-could-be-just-beginning.html


Tillbaka till Rolfs länktips 4 april 2025

https://englundmacro.blogspot.com/2025/04/rolfs-lanktips-4-april-2025-trump.html


 


Kommentarer

Skicka en kommentar

Populära inlägg i den här bloggen

Fjolåret blev strålande för flera av de största fondbolagen

Bild
Fondbolagen höjer sin lönsamhet när kapitalet ökar. Swedbanks fondbolag Robur, noterade en vinst på drygt 2,4 miljarder kronor.  I sin årsredovisning skriver Robur att det framför allt är utvecklingen på världens börser som bidragit till att det förvaltade fondkapitalet ökade med hela 17 procent jämfört med 2022.  SEB kan visa upp ett resultat på närmare 1,4 miljarder kronor för sin verksamhet i SEB Investment Management  Fondbolagens goda lönsamhet baseras på att fondspararna fortfarande är villiga att betala relativt höga avgifter. Den genomsnittliga fondavgiften ligger nu på 1,3 procent enligt en rapport från AMF. I kategorin aktiefonder är snittavgiften 1,45 procent av kapitalet. Svenskarnas samlade fondförmögenhet rekordhöga 7.900 miljarder kronor. Under årets första sex månader tog den svenska fondbranschen emot 103,7 miljarder kronor i nysparande, den högsta halvårssiffran någonsin.  Hans Bolander DI 29 juli 2024 https://www.di.se/nyheter/jattarnas-miljardvins...
Läs mer

Pfizer in 2019 sold $20 billion of drugs in the U.S. Its federal tax bill? Zero; Ireland

Trump has already singled out pharma companies and countries like Ireland that reap the benefits of tax-avoidance moves.  Despite its small size, Ireland ran an $87 billion trade surplus with the U.S. last year—larger than any country except China, Mexico and Vietnam. https://www.wsj.com/health/pharma/how-trumps-tariffs-could-upend-pharmas-overseas-tax-strategy-5b8ca758 Is Ireland vulnerable again as the world’s vast shadow banking system starts to crack? Shadow banking is the dog that has not barked during the latest global spasm of financial stress. This is very fortunate, especially for small countries such as Ireland that have bet the farm on this industry. https://englundmacro.blogspot.com/2023/04/is-ireland-vulnerable-again-as-worlds.html Cayman Islands https://en.wikipedia.org/wiki/Cayman_Islands What the heck is happening in the Cayman Islands? A Sunny Place for a Shady Online Business https://englundmacro.blogspot.com/2021/12/a-sunny-place-for-shady-online-business.html Ti...
Läs mer