Tuesday, March 27, 2018

March April ECONOMIC LOGIC newsletter update

TRADE  WAR:
25% Steel tariffs: 
Now many more exemptions 
beyond Canada and Mexico.

-- Trump suddenly exempted 
all of the Western hemisphere producers, 
the entire European Union, South Korea, 
Australia, and others.

-- That means he's exempted 
over 28 million tons 
of the 36 million tons 
of US steel imports. 


BUDGET  DEFICITS:
The new $1.3 trillion budget 
was 2,232 pages that no one read 
before voting for it ... and signing it
... in the 24 hours 
from when it was printed, 
to when it was signed.



-- A $695 billion defense 
appropriation for the 2018 
fiscal year was an $80 billion 
annual increase 
over the previous 
Department of Defense 
spending caps.

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