MoneyWatch The Trump tariffs aren't causing U.S. prices to spike.

Results of dear leader tariffs first term:
"A May 2019 analysis conducted by CNBC found Trump's tariffs are equivalent to one of the largest tax increases in the U.S. in decades.[20][21][22] Studies have found that Trump's tariffs reduced real income in the United States, as well as adversely affecting U.S. GDP."

"President Trump's tariffs were not generally considered successful. While he aimed to protect domestic industries and create jobs, the tariffs also led to retaliatory tariffs from other countries, harming U.S. exports and increasing costs for consumers and businesses. Studies suggest that the tariffs reduced real income and negatively impacted U.S. GDP"

The inflation we'll soon see will be in addition to these hits on the economy.

 

I’ll just say that one month’s inflation report is hardly a good reason to abandon two of the most fundamental precepts of economics.

1. When the cost of a good increases, so will its price.
2. Taxes don’t generate wealth. They only transfer it.

 

we keep getting promised by liberals that the gloom and doom economy will be coming but hasn't happened yet. Is there a day/month/year that this will happen?

 

As in the quotes in my post, seems that most economists do their best predictions ... historically. If you find any that gives you a day/month/year kind of response, I'd be wary.

 

This was updated today. The numbers for May were revised higher (from 0.1% increase over the month in prices to 0.2%) and the initial numbers for June came in at 0.3%. This raised the annual figure to 2.6%. Core also increased from previous estimates and increased by 0.3% in the initial numbers. Core is up to 2.8% now.

https://www.reuters.com/world/us/us...onsumer-spending-rises-moderately-2025-07-31/

Starting to see a shift from the initial drop in demand to an increase in prices. Deadweight loss has to occur in some manner.

 

It's because the people they trust as the "experts" continue to rely on failed macroeconomics. Over and over again, macroeconomics has failed the United States. Truly the definition of insanity.

 

The maker of Tide and Charmin said it will raise prices in part because of tariffs

https://www.freep.com/story/money/c...loss-predicts-big-impact-tariffs/85378500007/

 

Its time the capitalists stop supressing the true science of merchantilism! It seems anti-liberalism now includes, uh liberal economics.

 

Ford, which you'd think would be a beneficiary of a tariffs, took an $800 million tarrif-related hit for the quarter and estimates $2 billion rariff impact for the year.

Ford reinstates full-year outlook, including $2 billion tariff hit

 

No more extension yesterday, extension today.

Phew, glad mexico is paying for it. For a second I thought we would have to pay the then.

 

It’s those damned Ford macroeconomists accountants acting up again.

 

President Trump releases updated tariff rates on over 70 countries, delays deadline by one week

 

Dude TACO'd again?

He obviously just wants something to babble about, to coerce bribes with, and to announce fake deals about. The only thing funnier than the whole charade is that there are actually people who believe it.