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As Trump returns to tariffs, it's worth checking out what we've gotten from the trade war so far.
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The made up numbers are now being imagined to 3 significant figures and compared to a non-existent historical time series.
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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-835 321Jul 24, 2026 -
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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-on623 286Jul 20, 2026 -
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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-tariffs771 262Jul 26, 2026 -
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I'm not saying it's cause and effect, but I'm also not not saying it.
Either way, the manufacturing revival never came.690 237Jul 2, 2026 -
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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...596 219Jul 24, 2026 -
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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-than623 185Jul 21, 2026 -
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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.1,374 180Jul 13, 2026 -
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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...567 171Jul 13, 2026 -
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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-tariffs647 170Jul 26, 2026 -
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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.561 165Jul 12, 2026 -
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Trouble in Iran = Turmoil in global energy markets = Expect higher gas prices to follow.
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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-conversation556 151Jul 18, 2026 -
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"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.462 142Jul 3, 2026 -
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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-ugly479 137Jul 23, 2026 -
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When politicians cut a program, don’t just ask how much money they saved. Ask who lost what.
In the past year, over 4 million Americans have lost food assistance worth about $6 a day.
Why the consequences may be broader and harsher than promised: newsletter.platypuseconomics.com/p/one-big-be...291 123Jul 22, 2026 -
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Ceasefire is over. Energy markets noticed.
Notice that this isn't a one or two month story: It's concern about higher prices over a period of several years.358 122Jul 14, 2026 -
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Trump Accounts give everyone the same account.
But families with spare cash, generous employers, and higher tax rates stand to benefit the most.
The result? The biggest gains may go to those who need them least.
https://newsletter.platypuseconomics.com/p/what-the-white-house-isnt-telling369 119Jul 15, 2026 -
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Baby bonds are adorable. But a policy that expires in 2028 looks more like a campaign onesie than a savings plan.
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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...377 114Jul 25, 2026 -
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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...402 114Jul 23, 2026 -
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Trade used to be simple: find someone you want to do business with and make a deal.
Today, many firms first have to ask whether Washington approves.
What happens when government moves from referee to player?337 101Jul 11, 2026
