No More Tariff Cliffhangers, Because Wednesday Is Scary Enough
Photo by Manny Becerra on Unsplash
Hold onto your taco shells, folks—no more "Trump Always Chickens Out" reruns! Commerce Secretary Howard Lutnick declared, 'No extensions. No more grace periods. August 1, the tariffs are set.' After months of tariff drama translating to a 'historic surge' in stocks thanks to last-minute pauses, the game changes. The blended tariff rate is heading to 20%, the highest since 1911, but don’t worry: according to Lutnick, 'very few products are actually going to move their price.' Also, tariff revenue might hit the jackpot with 'at least $700 billion a year,' which sounds almost as believable as a TikTok millionaire's retirement plan.
Share the Story
(1 of 3)Source: Axios | Published: 7/27/2025 | Author: Ben Berkowitz
More Articles in Politics
Marines Discover Dirt Bikers Outskill Gamers Flying Explosive Toy Helicopters
Businessinsider
Molotov Cocktail Misfires on $27 Million Silicon Valley Fort, FBI Not Amused
Businessinsider
Sydney Sweeney's $1M Flop, Trump-Approved Jeans & Bathwater Soap Fiasco
Mockingbirdnews.org
VP Vance Heads to Pakistan to Broker Peace, Backed by Kushner and Trump’s Threats
Axios
Trump Can't Quit NATO But Can Ghost It Like A Toxic Ex
Axios
Roger Stone Saves Tulsi From Trump’s Loyalty Laser, Iran Drama Ensues
Axios
House Republicans Pretend They Didn’t Hear Democrats Beg For War Limits
Axios
UK Gives Military Permission to Stop Russian Ships but Won't Confirm It Happened
Theguardian
Ex-Attorney General Pulls The ‘I’m Not Your Attorney Anymore’ Defense to Epstein Subpoena
Axios