Posted on 04/01/2025 2:22:27 PM PDT by zeestephen
White House trade adviser Peter Navarro estimated the U.S. would raise about $600 billion to $700 billion a year from tariffs...Economists say the true number will probably be less than half of that sum.
(Excerpt) Read more at cnbc.com ...
Now! Now! They are predicting that Zombie American Consumers will NOT pay 25% extra for the same products.
Now! They are actually predicting that many foreign exporters will have to eat most, and possibly all, of the 25% tariff, by charging close to the same prices that they charged in 2024.
This was completely obvious from Day One of the Trump Tariff plan.
“Experts” say...
Well then there won’t be much impact, will there?
All this flap about nothing.
Are these economists “Experts,” or just plain economists?
There is a difference, you know.
“Experts” know everything and are not to be ignored.
It did inject $5trillion in the economy, if companies follow through on moving back to America.
“ Federal judge orders That Trump can’t levy tariffs. “
“...Economists say...”
Navarro is not an Economist?
Didn’t the “experts” say Trump had no chance at a 2nd term???
He’s a Milton Friedman economist, so he doesn’t count to the Krugman crowd of ecommunists.
“Nattering nabobs of negatism!”
But he graduated from Hahhhhvihhhd!
Fact is no one knows how the Tariffs will work out. The good thing is Tariffs can be removed in one day…or imposed in a day.
Best we let President Trump try it out, everything else prior has failed to produce satisfactory results.
Who actually cares what ‘economists’ say? They have no idea how the country, or the world will react. But BS articles like this from CNBC sure gets a few clicks based on emotion.
And then Trump’s calls will still be met because if these companies want to make bigger profits they will manufacture in the United States. There is any inflation they can’t hold their prices down for very long to beat the tariffs.
The tariffs aren’t what’s going to generate the revenue. It’s bringing back the jobs that were offshored that’s going to generate the revenue.
I did not believe as soon as I saw CNBC.
“Studies” show...
True.
We'll either pay the increased foreign price (old+tariff),
or a cheaper domestic price than that, or do without.
Yes we do. Trump increased them in 2017. The economy grew, unemployment was near 0 as was inflation. Prices dropped.
Economists???? Just more BS.
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