Paul Fain retweeted
New CNN reporting: The Trump admin has discussed possibly helping Iran access as much as $30 billion to build a civilian-energy-producing nuclear program, easing sanctions, and freeing up billions of dollars in restricted Iranian funds – all part of an intensifying attempt to bring Tehran back to the negotiating table. cnn.com/2025/06/26/politics/…
Paul Fain retweeted
Former DOGE engineer says federal government has fewer people sitting around than silicon valley does npr.org/2025/06/02/nx-s1-541…
Paul Fain retweeted
It is 5:20 on a Friday evening. Heavy duty construction going on 10 feet from our patio where people are trying to dine. Seriously, WTF is wrong with this city. Businesses will continue to leave @PoPville @UptownMainSt @RAMWdc @CMLewisGeorgeW4 @DDOTDC @MayorBowser
Paul Fain retweeted
In the 3 weeks since the tariffs took effect, ocean container bookings from China to the United States are down over 60% industry wide. 🧵
Paul Fain retweeted
Trump says ‘home-grown’ Americans are next to go to El Salvador, tells Bukele ‘gotta build about five more places’ trib.al/Ti1eOJx
Paul Fain retweeted
Yes, due process is not just an innovation for fairness. It's a clever system for accuracy in the face of human bias, self-deception, and overconfidence.
Paul Fain retweeted
If you were running a secret strategy to undermine American manufacturing, exempting popular finished consumer goods from tariffs and keeping them in place for intermediate goods, capital goods and raw materials would be a good way to go about it.
Paul Fain retweeted
So the strategy all along was to bring back labor intensive manufacture of underwear and shoes but not iPhones and semiconductors. Brilliant.
Paul Fain retweeted
Smart move from the administration here 👇. They could go even further by exempting all products used by American consumers and businesses, to put the full squeeze of the tariffs firmly on China.
BREAKING: President Donald Trump’s administration exempted smartphones, computers and other electronics from its so-called reciprocal tariffs in win for Apple (and shoppers). This lowers the China tariff from 125%. bloomberg.com/news/articles/…
Paul Fain retweeted
Whether you love or hate tariffs, you can't help but be impressed at the detailed policy planning, the transparency of the policy process, the credibility of Administration announcements, relentless attention to detail, flawless execution, and the thoughtful predictability that business demands.
Paul Fain retweeted
Yes: If you wanted to reindustrialize the U.S. without making extreme claims about job gains and while fending off China to enable U.S. tech growth your path forward would look a lot like the CHIPS and Science Act.
@RonBrownstein @EJDionne @MattHourihan @paulkrugman
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Paul Fain retweeted
Top economic advisers to Trump (Bessent in his confirmation hearing, Miran in his Nov 2024 paper) have said that tariffs need not raise consumer prices so long as the dollar appreciates, as it did in 2018-19.
The dollar has gone the other way.
Paul Fain retweeted
US in 2022: here is a 25% tax credit for building semiconductor factories
US in 2025: here are 20-26% tariffs on the countries that make tools needed in semiconductor factories
(Tariffs exempt chips themselves but make no mention of chip manufacturing equipment)
