this is only the beginning, as this development posted by astros123 points to more inflationary pressure in the coming months
War. What is it good for? Absolutely nothing. - Edwin Star Working class people who voted for Trump have FAFO-ed. Trump is only in this for Trump. The price of everyday goods have not come down. Inflation has gone up, since Trump's tariffs raise prices and Trump deporting the people who work in our food supply chain causes shortages abd increased labor costs.
The thing that people need to watch is when Trump inevitably either fires Jerome Powell or bullies him into submission. Trump is already signaling that he believes that this is his lever to pull if the economy starts to struggle, or prices increase is to lower interest rates. Which anyone that knows anything about our economy will tell you that this will have the opposite affect, and will drive inflation through the roof just like what happened coming out of Covid with the real estate market where suddenly everyone had cash to go buy a new house, and interest rates were super low. Inflation of our economy tied to the real estate market was directly tied to the fed being too slow on the trigger to raise interest rates to cool that market. Our rising cost of mortgages, rent, home owners insurance, property taxes, etc. is all tied back to the fed rates being TOO low. Now as an answer to inflation Trump is signaling he wants to push out Jerome Powell, and put in a lackey who will artificially make it look like the economy is booming.... Trump if he has it your way is going to make your home that once was 300K a couple years ago, and 700K home which makes your life waaaayyyy more expensive. Trump cannot be allowed to do this IMO or we all will feel this when we are paying California prices for Beaumont real estate.
Here is what I think is so Ironic, trump wanted to take credit for the stock market and the economy just before the election and said it was because they knew he was coming back........and now trump says its Biden`s inflation. It's not going to get better folks, and were only a few weeks in
just passing this along, can't vouch for any of it Donald Trump’s economic masterplan He is plotting an anti-Nixon shock https://unherd.com/2025/02/why-trumps-tariffs-are-a-masterplan/ excerpt: Faced with President Trump’s economic moves, his centrist critics oscillate between desperation and a touching faith that his tariff frenzy will fizzle out. They assume that Trump will huff and puff until reality exposes the emptiness of his economic rationale. They have not been paying attention: Trump’s tariff fixation is part of a global economic plan that is solid — albeit inherently risky. Their thinking is hard-wired onto a misconception of how capital, trade and money move around the globe. Like the brewer who gets drunk on his own ale, centrists ended up believing their own propaganda: that we live in a world of competitive markets where money is neutral and prices adjust to balance the demand and the supply of everything. The unsophisticated Trump is, in fact, far more sophisticated than them in that he understands how raw economic power, not marginal productivity, decides who does what to whom — both domestically and internationally. Though we risk the abyss staring back when we attempt to gaze into Trump’s mind, we do need a grasp of his thinking on three fundamental questions: why does he believe that America is exploited by the rest of the world? What is his vision for a new international order in which America can be “great” again? How does he plan to bring it about? Only then can we produce a sensible critique of Trump’s economic masterplan. more at the link
you don't have to be an economist to know that tariff / trade wars are not on solid ground tariffs/trade wars under Herber Hoover did not work, it led to the Great Depression. it also did not work under Trump 1.0, it led to bankruptcy of many US farmers requiring Govt bail outs planted the seeds for inflationary pressures
When you say, "yall" who exactly are you referring to? You mean MAGATs cuz nobody with half a brain thinks issuing crippling tariffs on all imports is a good idea
Sure, that partisans blamed Biden just like the partisans blame Trump. The reality is our debt-to-gdp is way too high, so therefore inflation will remain hot regardless...until that is corrected.
