Tariffs now acting like massive tax hike, 17.5% blended rate begins crushing consumer, business margins; Nearly 160 companies will lay off employees throughout June
After months of speculation about what duties will be implemented, we are finally starting to fully see the impact of tariff policies in the government cashflows data. Today the blended rate stands at around ~17.5%. pic.twitter.com/94MZRJOiFj — Bob Elliott (@BobEUnlimited) June 2, 2025 The treasury daily statement gives insight into the duties collected in pretty …