Even after the weekend deal, tariffs are still the highest since the 1930s.

You have to hand it to Trump. Even after the weekend deal, tariffs are still the highest since the 1930s. But because he didn’t nuke the whole economy everything is A-OK. pic.twitter.com/7XrUOtqWsa

— Peter Berezin (@PeterBerezinBCA) May 13, 2025

See also Guadalupe River surged 26 feet in under an hour. Texas flood kills 82. Camp Mystic gone. Ten girls and one counselor still missing.

“.. The trade war shock is still material. .. we now estimate an effective ex-ante tariff rate of 14.4%. This is akin to a $475bn tax hike on US households and businesses, worth 1.6% of GDP (still sitting close to the largest tax hike in the post WWII period).” 👇🏼 pic.twitter.com/sqie9lSnkW

— Kalani o Māui (@MauiBoyMacro) May 13, 2025

See also Any spending is overspending when your debt is already over 100%of GDP. We need to, at the very least, get to a point where we are breaking even. Having such a massive deficit is unsustainable.