The Kendall Report

The Kendall Report

Markets Panic While the U.S. Cashes In: Welcome to Independence Day!

The Kendall Report's avatar
The Kendall Report
Apr 03, 2025
∙ Paid

KR Opinion

Trade Independence Day is here! In yesterday's report, I provided historical context for the ongoing rebalancing of international trade. Since this situation is fundamentally about mathematics, it should be non-polarized. Calculations indicate that, effective midnight Wednesday, the U.S. government will benefit by approximately $279 billion beyond its current configuration, bringing total tariff receipts to just over $500 billion.

User's avatar

Continue reading this post for free, courtesy of The Kendall Report.

Or purchase a paid subscription.
© 2025 Robert Kendall · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture