From Investing.com: 2025-02-17 00:10:00

US Economy I: Taylor Swift’s “The Eras Tour” concluded in December 2024, while the “Roaring 2020s Tour” is currently ongoing with recent stops in Georgia and Tennessee. The US economy has shown resilience, with real GDP increasing by 23.5% since Q2-2020. Washington’s impact on the economy has been limited, with Americans excelling in entrepreneurial capitalism. Capital markets have become more sophisticated, and technology has boosted productivity. Consumers remain resilient, with diverse sources of income. The economy is expected to continue growing, with positive trends in personal interest income and net worth.

US Economy II: The Roaring 1920s ended in disaster due to factors like the Smoot-Hawley Tariff in June 1930, causing the Great Crash in the stock market and the Great Depression. The tariff led to a trade war and a collapse in commodity prices, impacting farmers and exacerbating the banking crisis. The Reciprocal Tariff Act of June 1934 aimed to reduce tariffs through negotiations with other nations. The history serves as a cautionary tale against protectionist measures like broad import duties.

US Economy III: President Trump is considering implementing reciprocal tariffs instead of a universal import duty, with a 25% tariff on imports of certain goods. The approach aims to match tariffs imposed on US goods and potentially negotiate for lower tariffs. The move is seen as a strategy to address trade imbalances and foster fair trade practices, avoiding the pitfalls of protectionist policies like the Smoot-Hawley Tariff.



Read more at Investing.com: Roaring 2020s and Reciprocal Tariffs