Source: The Daily Economy
by David Clement
“The Trump Administration’s initial demand for renegotiating the United States-Mexico-Canada Agreement (USMCA) includes an opening position that vehicles covered by the deal be composed of at least 50 percent American-made components, in terms of dollar value. It’s a revealing concession, because if the goal is truly to manufacture everything in America, the threshold would be 100 percent, not 50 percent. As it turns out, executive orders cannot unwind a global economy. The White House’s concession should jump-start a more honest accounting of what their tariffs actually are: a consumption tax, paid by American households, spread across nearly every goods-producing sector in the economy.” (06/17/26)
https://thedailyeconomy.org/article/tariff-math-doesnt-work-and-the-white-house-already-admitted-it/