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Keyword: trumpflation

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  • The Trump Summer Jobs Stall. Most businesses have stopped new hiring as tariffs add costs and uncertainty, the latest jobs report confirms.

    09/06/2025 6:11:50 AM PDT · by karpov · 76 replies
    Wall Street Journal ^ | September 5, 2025 | WSJ Editorial Board
    President Trump fired the Bureau of Labor Statistics commissioner last month because he didn’t like the monthly jobs numbers. He claimed the numbers were “rigged.” But Friday’s monthly report for August confirms that job creation has stalled amid his tariff barrage. Employers added a mere 22,000 jobs last month while the numbers were revised down for the previous two by a combined 21,000. This means only 107,000 new jobs were created in the last four months—an average of 27,000. Monthly job gains averaged 167,000 last year. Nearly all of the new jobs last month were in social assistance and healthcare...
  • Container shippers win China-US tariff reprieve, await volume rebound

    05/12/2025 6:00:43 PM PDT · by E. Pluribus Unum · 8 replies
    Reuters ^ | May 12, 20254:29 PM CDT | Rachel More and Lisa Baertlein
    SummaryShipping firms, port operators, retailers welcome progress Industry experts say 30% tariffs remain a risk for US consumers Shipping rates could rise with a cargo rush BERLIN/LOS ANGELES, May 12 (Reuters) - The container shipping industry on Monday welcomed an agreement between the United States and China to temporarily slash punishing tariffs, saying it expected to be buoyed by a resulting recovery in bookings from China to the U.S.The United States will cut extra tariffs it imposed on Chinese imports in April to 30% from 145% and Chinese duties on U.S. imports will fall to 10% from 125% for the...
  • New normal: Trump committed to a 10% tariff baseline for all nations

    05/09/2025 9:22:51 PM PDT · by E. Pluribus Unum · 13 replies
    Washington Times ^ | May 9, 2025 | Tom Howell Jr.
    The White House says President Trump is “determined” to maintain at least a 10% tariff on all imports, meaning all nations should expect a baseline tax on their goods even if they negotiate trade pacts with the U.S. Dozens of trading partners are scrambling to negotiate down sky-high levies that Mr. Trump imposed, then paused, in early April. It’s a fluid process, but this much should be clear: Mr. Trump will only go so low.“The president is determined to continue with that 10% baseline tariff. I just spoke to him about it earlier,” White House press secretary Karoline Leavitt said...
  • Speaker Mike Johnson Backs Trump on Tariffs

    04/30/2025 8:32:33 AM PDT · by ChicagoConservative27 · 17 replies
    Breitbart ^ | 04/30/2025 | Hannah Knudsen
    House Speaker Mike Johnson (R-LA) backs President Donald Trump on tariffs, he made clear during an appearance at an Axios News Shapers event this week. Trump has the backing of Johnson, who said according to Axios that the tariffs “are working.” “I think the executive has a broad array of authority that’s been recognized over the years,” Johnson said. “If it gets close to where the imbalance is there, then we would step in.” However, if it came to that, Johnson said the first line of defense would be calling Trump directly. “But I think the first protocol, to be...
  • Oh Blow It Out Your Nose! Paul Krugman Is Already Trying to Make ‘Trumpflation’ a Thing

    02/14/2025 11:27:36 AM PST · by JV3MRC · 6 replies
    NewsBusters ^ | 2/14/2025 | Joseph Vazquez
    Amazing. Just amazing. The consummate Bidenomics simp and former New York Times columnist Paul Krugman is trying to make “Trumpflation” a thing in the public discourse. “Lies, Damned Lies and Trumpflation,” railed Krugman in his latest February 14 certifiable screed. What was hilarious was that the first five paragraphs of his piece literally had nothing to do with the economy aside from drumming up conspiracy theories about President Donald Trump’s Centers for Disease Control and Prevention potentially hiding data on the next hypothetical pandemic. Then came the kicker: “But while I’m not an epidemiologist, I do know something about inflation.”...