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#tariffs

217 posts157 participants17 posts today

#Trump admin is raising #prices that are at the heart of the #affordability crisis". --#JaredBernstein

Post-trade war, tariffs are up $21 billion/month.

Or $736/year for every man, woman. & child living in the US.

At the moment, importers are eating a lot of this tax, but sometime this year, much of this will pass through to consumers. The rest will result in lower margin for businesses without #monopoly power.

econjared.substack.com/p/did-s

One reason we haven't seen more inflation thus far—and also why the stock market hasn't been falling—is probably that Trump's blanket destroy-the-economy tariffs are illegal.

PDF of May 28 court decision: storage.courtlistener.com/reca

News summary: scotusblog.com/2025/06/busines

Of course the Administration appealed. It managed to get a stay of the decision during appeal, with this as part of its argument:

"If tariffs imposed on plaintiffs during these appeals are ultimately held unlawful, then the government will issue refunds to plaintiffs, including any post-judgment interest that accrues."
PDF: storage.courtlistener.com/reca

SCOTUS could, of course, again issue a decision supporting the regime on purely partisan grounds. But it's not clear that it will.

Decent #Americans need to prepare
start buying 'Long shelf life' #foods.
#Prices will rise even more soon
and continue to rise
rapidly
purchasing power of the dollar will fall
#Trump and his "#administration" have NO plans
to financially support the Country from the damage
created by the #Tariffs and Trump"s disastrous "policies"
To force Fed rate cuts is NOT a solution
will actually make the situation worse.

Only hope is to carry on until
economic collapse, social chaos
force Trump"s removal.

Some shocking numbers in this video: "#Canada and #Mexico have joined forces to build a $120B escape route—completely bypassing the #USA. In direct response to President #Trump's 30% #tariffs on #steel and #auto parts, the two nations are launching the #NorthernCorridor, a trade route that circumvents US #customs, #ports, and logistics entirely. From Pacific coast rail links to digital customs integration, this new partnership is shaking the very foundation of North American trade."
#canpoli #elbowsup
youtu.be/3-WPPFI4KFY?si=xwQBOT