I’ve had a few days to think about the US inflation print this week, and I’m really no closer at developing a strong opinion one way or the other.
Is currency somehow playing a role? Curious what you think of this blog post below. Ignore the political hogwash.
https://gnosticcapital.com/2025/07/14/us-government-import-tariff-receipts-now-exceed-5-3-of-net-revenues/
It likely is to some degree but it is difficult to know how hedged exporters are.
I like to think of it like a big melting pot where there will be naturally offsetting effects that work in the opposite direction tariffs do.
Is currency somehow playing a role? Curious what you think of this blog post below. Ignore the political hogwash.
https://gnosticcapital.com/2025/07/14/us-government-import-tariff-receipts-now-exceed-5-3-of-net-revenues/
It likely is to some degree but it is difficult to know how hedged exporters are.
I like to think of it like a big melting pot where there will be naturally offsetting effects that work in the opposite direction tariffs do.