As Trump returns to tariffs, it's worth checking out what we've gotten from the trade war so far.
The made up numbers are now being imagined to 3 significant figures and compared to a non-existent historical time series.
MOAR economics.
I love this partnership between my baby -- @platypuseconomics.bsky.social -- and the largest independent media company around.
I'm going to keep producing analyses and insights for both groups. Just moar of them.
SNAP penalizes states for paying the wrong amount.
But they don't penalize states for wrongly denying an eligible family.
Once you understand this, it's easier to see why the program has shrunk faster than expected.
https://newsletter.platypuseconomics.com/p/one-big-beautiful-bill-one-big-
The mistake is thinking these tariffs mainly hurt Canada. They don't. Much of the cost ends up here at home, in the prices American households and businesses pay.
https://newsletter.platypuseconomics.com/p/should-canada-answer-trumps-tariffs
I'm not saying it's cause and effect, but I'm also not not saying it.
Either way, the manufacturing revival never came.
Trump ripped up NAFTA, replaced it with USMCA, then ripped that up too. Markets have little reason to trust this president's signature.
So Canada should judge any deal by whether it serves their interests now.
https://newsletter.platypuseconomics.com/p/should-canada-answer-trumps-tariffs
This isn't just about Canada. It's a warning shot to every trading partner: even if you have a deal, retaliation may bring tariffs anyway. That makes deals less credible.
https://newsletter.platypuseconomics.com/p/why-trumps-new-tariff-is-bigger-than
Fine print time: no tax on tips, no tax on overtime, no tax on Social Security — all real, all narrower than advertised, and all expire at the end of 2028.
The tax cuts for wealthy families in the same bill? Permanent.
https://newsletter.platypuseconomics.com/p/justin-answers-your-questions-on
The White House just announced a new round of tariffs on more than 80 countries.
The legal strategy changed. The economics didn't.
Six weeks ago, I explained why these tariffs were coming—and why they'll still fail American consumers.
newsletter.platypuseconomics.com/p/new-wrappe...
I'm one of the 200 signatories.
None of us know what our AI-fueled future holds, but the range of possibilities includes both utopian and dystopian scenarios (and in-betweensies). It's clear that our current policy debate isn't fit for this pivotal moment.
www.nytimes.com/2026/07/13/b...
Stocks at record highs can coexist with a pretty ordinary economy. Why?
A handful of AI-linked firms are driving much of the market's gains. Strip them out, and the rally looks a lot less impressive.
Immigrants have always been part of America's story of innovation and growth. Treating them as a threat may be good politics for some, but it's lousy economics for everyone.
https://newsletter.platypuseconomics.com/p/from-the-gilded-age-to-ai-a-conversation
Perhaps the most amazing part of the story is that the teleprompter guy only made $100k.
A really fun write-up in my hometown newspaper of what I'm trying to do with Platypus Economics, written with that charming Aussie directness I was blessed to inherit.
Give it a read! www.smh.com.au/world/north-...
Fewer people on food stamps is only good news if fewer people need help. That’s not what the evidence says. Unemployment was roughly flat, food prices rose, and surveys show families struggling to afford enough to eat.
https://newsletter.platypuseconomics.com/p/one-big-beautiful-bill-one-big-ugly
"This is not a guy who's creating a better widget that enriches people's lives... the company wins when the customer wins."
That's the difference between creating value and extracting it.
Trouble in Iran = Turmoil in global energy markets = Expect higher gas prices to follow.
Baby bonds are adorable. But a policy that expires in 2028 looks more like a campaign onesie than a savings plan.
Trump just announced the next phase of the trade war, with 10-12.5 percent tariffs on all of our major trading partners.
I've got you covered with a deep dive into the law, economics, and politics of this latest episode of the Trump tariff saga: www.youtube.com/watch?v=896S...
Calling this a ceasefire is like calling “we should totally hang out sometime” a marriage proposal. Charming energy. Not a contract. Not even close.
https://newsletter.platypuseconomics.com/p/what-reeses-cups-and-canadian-wildfires
Not everything valuable has a price. Clean air is an economic asset—even if nobody sends you a bill for it. Its benefits show up in healthier lives, better communities, and more freedom to move.
https://newsletter.platypuseconomics.com/p/what-reeses-cups-and-canadian-wildfires
People hear "tariff" and think the only effect is on imported goods. Not necessarily. Less competition is great if you're a monopolist, less great if you're a shopper.
https://newsletter.platypuseconomics.com/p/why-trumps-new-tariff-is-bigger-than
The biggest cost of Trump's Canada tariffs isn't dairy.
It's trust.
Once businesses stop believing trade agreements will last, investment slows—and that's a much bigger economic problem than one tariff.
More in this week's The Professor Is In: newsletter.platypuseconomics.com/p/should-can...