Great question. First, pharmaceuticals are currently exempt from the reciprocal tariffs (though there are apparently plans for specific tariffs on pharma imports at some point...). Even if they weren't, however, most of our medicine comes Europe (Ireland, Switzerland, and Germany, specifically. The U.S. imports over $80 billion of packaged medicine every year, and Only about $1 billion of the $80 billion+ in annual U.S. medicine imports come from China. All of which is to say, I don't think there's any need to stock up on medicine.
My questions pertain to the immediate, mid-range & long-term impacts of the Trump/Musk funding cuts, program terminations & federal staff reductions, e.g. ending Head Start cuts off preschool services for 800,000 children and also ends such child care for 1,000's of working parents; funding/program cuts at US DOL, specifically ETA, will kill or strictly limit workforce programs & services nationwide. Anirban & Zack - what does your crystal ball tell us?
Given the dramatic policy changes this year, and assuming stubbornness alone will keep them intact in some form or other until 2028, if a new administration comes in a reverses some of these tariff policies, etc. how long will it take for the impacts to land on a reversal in passed-along cost increases? Or do you expect there will be some sort of a normalization before then?
Is anyone going to cut the fat and waste in the Maryland State budget before everyone has to move? I’ve lived here my whole life and I’m very scared about what the future holds.
Would like to hear a discussion of the bond market reaction to tariffs to date. The admin seemed laser focused on the 10-year yield and have since backed off. Any thoughts?
What about medicines?
Great question. First, pharmaceuticals are currently exempt from the reciprocal tariffs (though there are apparently plans for specific tariffs on pharma imports at some point...). Even if they weren't, however, most of our medicine comes Europe (Ireland, Switzerland, and Germany, specifically. The U.S. imports over $80 billion of packaged medicine every year, and Only about $1 billion of the $80 billion+ in annual U.S. medicine imports come from China. All of which is to say, I don't think there's any need to stock up on medicine.
My questions pertain to the immediate, mid-range & long-term impacts of the Trump/Musk funding cuts, program terminations & federal staff reductions, e.g. ending Head Start cuts off preschool services for 800,000 children and also ends such child care for 1,000's of working parents; funding/program cuts at US DOL, specifically ETA, will kill or strictly limit workforce programs & services nationwide. Anirban & Zack - what does your crystal ball tell us?
Given the dramatic policy changes this year, and assuming stubbornness alone will keep them intact in some form or other until 2028, if a new administration comes in a reverses some of these tariff policies, etc. how long will it take for the impacts to land on a reversal in passed-along cost increases? Or do you expect there will be some sort of a normalization before then?
Is anyone going to cut the fat and waste in the Maryland State budget before everyone has to move? I’ve lived here my whole life and I’m very scared about what the future holds.
Even Denzel Washington can’t help us now 😆
Would like to hear a discussion of the bond market reaction to tariffs to date. The admin seemed laser focused on the 10-year yield and have since backed off. Any thoughts?