Rachel Wellhausen

@rwellhausen.bsky.social

Associate Professor at the University of Texas at Austin. International political economy. www.rwellhausen.com

New: the Iran war's price hikes on gasoline and diesel alone have already cost American households $278 each (on avg), more than a household's average cost of a week's groceries. A total of $36 billion & rising! Check out the Tracker @climatesollab.bsky.social : iranwarcost.watson.brown.edu

Iran War Energy Cost Tracker

Tracks the extra cost paid by U.S. consumers for gasoline and diesel since the Iran conflict began on February 28, 2026, compared against a no-war counterfactual baseline.

iranwarcost.watson.brown.edu

Among the inanities of today's US tariff decisions: 10% tariffs on the Marshall Islands and on "Micronesia" (Federated States of, I presume). These countries have Compacts of Free Association with the US, meaning economic support, access to US programs, freedom of movement, and no duty on imports.

I know the president is not concerned with how the balance of payments (BOP) works in the contemporary US, but it increasingly seems like no one in the administration is looking down the road to calibrate what might happen with BOP adjustment given all this?…