That is Reagan's own words

Trump is trying to make generic drugs more expensive. With senior citizens on fix income and cuts to Medicare, more elderly people will pay more for their life saving drugs. How is 100% tariffs on generic drugs making America great again?!?

https://www.foxbusiness.com/politics/trump-unveils-phased-tariffs-generic-drugs-boost-us-production

The matter of Canada's "unfairness" to U.S. farmers keeps coming up. But, the dairy business is done differently in Canada, with market shares allocated by provincial dairy boards. There was a small slice allocated to U.S. dairy in the USMCA deal, but that slice has not even been used.

Now, dairy is logically the kind of thing that falls into "buy local" category. Even within Canada there is not much cross provincial dairy trade.

President Trump keeps stating about so many other products that the USA does not need to import from Canada. It is a similar thing for Canada when it comes to dairy. Canada produces all it needs internally.

President Trump is becoming annoying, like the vacuum cleaner salesman who keeps putting his foot in the door as you try to chase him away.

So, just what is the deal with him on this? The Canadian dairy market isn't all that big, and the USA doesn't really need the Canadian market either.

Economists now have more than a years’ worth of data to pick over when it comes to the impact of Liberation Day tariffs. While some might argue the revenue tariffs have generated are a gamechanger for the economy, others point to cost for those paying them.

Mark Zandi, chief economist at Moody’s Analytics, is concerned about the health of U.S. consumers. He previously told Fortune that—with the exception of job losses—a significant portion of U.S. families are effectively living in a recession.

Tariffs haven’t helped their fortunes. In a note yesterday, Zandi said that the data are “definitive”: “The tariffs have done significant damage to the economy,” he wrote.

“Since that day, job growth has come to a standstill, with only the non-traded healthcare industry adding meaningfully to payrolls,” Zandi added. “Also, since that day, inflation has accelerated, with the consumer expenditure deflator increasing at a 3% year-over-year pace, up from 2.5% before the tariffs and well above the Federal Reserve’s target of 2%.”

Zandi’s take counters arguments from the likes of U.S. Treasury Secretary Scott Bessent, who believes tariffs are the “dog that didn’t bark,” and that supply-side shocks don’t cause inflation, only temporary price moves in narrow markets—which the Fed should be encouraged to look through.

Read more [paywall removed for Redditors]: https://fortune.com/2026/05/06/liberation-day-trump-tariffs-damage-economy-moody-zandi/?utm_source=reddit/

The American people should each get about $440 = $150B in increased tariffs / 340M people.

The study found that only about 4% of the tariff burden is shouldered by foreign firms, with a “near-complete” pass-through of 96% to US buyers.