50% Tariffs On The EU? Or, Wegovy For Me, But Not For Thee?

Menzie Chinn
By Menzie Chinn of Econbrowser.com
Professor of Public Affairs and Economics at the University of Wisconsin •

The announcement of a 50% tariff on EU goods imports (up from 10%) would seem to put to rest the proposition that the trade war has settled down on something like a 10% universal rate.

several cargo containers

Image Source: Unsplash


Macro impact doesn’t seem large according to Yale Budget Lab, but I can hardly wait to see how much a 50% increase in Ozempic and Wegovy prices will go over with the public.

(Click on image to enlarge)

Source: FT.

There is speculation that Mr. Trump is using one of a similar GLP-1 agonist medication, but we can’t be certain.

The announcement of a 50% tariff on EU goods imports (up from 10%) would seem to put to rest the proposition that the trade war has settled down on something like a 10% universal rate.

Expect more trade policy uncertainty indices to kick up…

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