Dims (politicians as a whole) will never admit they are/were wrong. Just onto the next dinner party and fund raiser.
Tariffs and inflation really weren’t connected anyways . People making the claim weren’t simply mistaken but actually lying since they just hate tariffs and wanted to scare people
I should clarify this:
When I wrote, “so, from the start, tariffs offer $2.50 to $5 of revenue for every $1 incurred by Americans,” I was referring to consumers, based on the expected rise in prices. In case I muddled the context, I was describing the situation if 100% of the cost was passed on by the importers, meaning that a 20% tariff would not mean a 20% price hike, but only an 8% price hike.
I should also note that this is based on averages and would not be evenly distributed. Direct-to-consumer sites like Temu would probably charge nearly the full cost of the tariff. (And if fact, because of loophole closures, they probably would even exceed the 20% increase.) Other retailers might see only a 4% hike.
I love reading common sense
Trump understands the real world, unlike academic “economists” and their idiot mouthpieces in the media. He understood that tariffs would be partially absorbed at each step of the supply chain, and have minimal effect by the time a product reached the shelves. Meanwhile, using the threat of steep tariffs to drive positive trade concessions and bring capital expenditure to the US was totally missed by the “experts.”
Monetary inflation is the erosion of purchasing power in the unit of account, in the currency.
This has absolutely nothing to do with supply and demand, or importing slave wage goods from around the globe due to offshoring. Our nickle-fvcker corporations are being rational insofar as they are importing illegal aliens and exporting whole industries, while strangling American businesses under myriad regulations and laws.
The problem with tariffs has never been inflation (an ongoing increase in the general price level over time). The problem is that they raise the prices of the taxed imports and cause retaliation by exporting nations.
If you believe the outright lies out of this administration that inflation has dropped you’re no different than all democratic goofs who believed that Biden had no cognitive mental decline during Barack Obama’s third term.
Trump’s economic policies have been a disaster and if he keeps it up the Democrats will net the largest midterm win since Newt Gingrich of 1994 even flipping Red States.
I had lunch with Scott Pressler a couple weeks ago and even he believes we are heading into certain doom
Make sure Hek’em is informed.
Dpetty is somewhere crying today😂
Dont worry though….. “soon” the US consumer will feel the pain of tariffs.
Excellent post, great comments, love this…
President Trump is placing America’s economic future back into the hands of the private sector, and proving the anti tariff advocates were wrong all along.
A beautiful thing to watch play out ….
Inflation is only at 2.6% year-over-year. This means that nearly 100% of the cost of tariffs has been eaten by the foreign manufacturers and importers.
Your wrong, but not ‘off base’. Tariffs don’t cause inflation by themselves, IMHO and in the Opinion of research by the Federal Reserve. However, I think inflation has slowed because one the biggest drivers of inflation was the cost of energy. Specifically, the cost of food is related to oil for fertilizer, fuel, packaging (plastic) and transport. Plus, government deficit spending reduction, prevents devaluation of currency, which has an enormous impact on inflation. Traitor Joe and his Puppeteer Obama, drove up the price of oil, and created huge deficit spending resulting in the inflation. Trump has done an incredible job to curb most of this in 10 months.
So I won’t say that foreign manufactures ended up with the cost of the Tariffs completely, but I will say that what Trump has done has positively impacted the inflation rate.