[Educational Post] A common fallacy of man is to misinterpret his own personal experience for what is happening broadly. Anecdotal evidence is highly unreliable -- and relying on anecdotal evidence leads to bad decisions. Below we see import prices DOWN since the tariffs were announced, which reinforces my point about foreign producers shouldering the tariff burden. Try listening to CNN -- not exactly a fan of Trump. So, has anything actually gotten more expensive because of Trump’s tariffs? https://www.cnn.com/2025/06/20/business/tariff-price-increases-inflation-explained Predictions from mainstream economists were dire after President Donald Trump launched his tariff campaign just a couple weeks after he began his second term in office: Prices would rise — sharply — they said, reigniting an inflation crisis that tens of millions of Americans had elected him to solve. But that massive, tariff-induced inflation spike hasn’t materialized. Not even close. Consumer prices rose just 2.4%, annually, last month, according to the Bureau of Labor Statistics. That was less than economists had expected, and only slightly higher than the 2.3% rate in April, which was the US economy’s lowest inflation since February 2021. According to the Personal Consumption Expenditures price index most closely followed by the Federal Reserve, core inflation — which strips out volatile items like food and gas prices — fell to 2.5% in April. That was the lowest reading since March 2021. Still, tariffs through mid-June haven’t caused inflation to spike. Love tariffs or hate them, there’s no denying inflation is lower now than when Trump took office. Research firm Telsey Advisory Group, which has been tracking the prices of 80 select consumer items across a wide variety of retail categories, reported this week that just 19 products it has tracked have gained in price since mid-April — and 16 items’ prices fell. Similarly, the New York Times’ Wirecutter, which recommends consumer products, tracked the prices for 40 of its top picks over the course of two months and found this week that the vast majority didn’t change price at all: 10 gained in price and only half of those gained more than 7%. “There haven’t been many significant upticks in prices as of yet given that many retailers are still selling through their lower-cost inventory,” Dana Telsey, CEO and chief research officer of Telsey Advisory Group told CNN. Even autos, many of which are subject to a 25% tariff, plus a tariff of up to 25% on some imported auto parts, haven’t gained in price — they’ve fallen. New car prices fell 0.2% in May, according to car-buying research site Edmunds, and they rose only 2.5% compared to the pre-tariff period in March. Both new and used car prices fell in May, according to the BLS’ Consumer Price Index. GOOD DAY
latest eg of traitor George being confused and all mixed-up for the education of traitor George. negotiation w China trade reps are ongoing, in Sweden. you're posting a lie that pretends the new trades deals are done, which is false the intellectually dishonest links references "imports from China over the last 12 month", do you even understand what that means? the liars is using data from the current tariffs arrangements (imports over the last 12 months) claiming that the new tariffs (not yet negotiated) have no impact on inflation willful ignorance kills!
Big companies will eat cost in the short-term to maintain customer relationships, but not in the long-term. Small businesses go under in a hurry. It is a good deal for cutting the deficit, but that is about it. That would be a $91B, if 15% applied across the board and have no decrease in imports. If we applied 15% to all products and services were receive globally, that would be about $600B annually. This seems to be the goal. Americans spend roughly $20T/year, meaning there would be 3% increase in costs to cover tariffs. People talking about doom and gloom as it relates to tariffs aren't wrong, Trump has just backed away from the initial tariffs, and countries (other than China) haven't been as strongly reciprocating. 15% tariff slows the economy. 100% tariffs ends US global trade.
And crap like this is why this country is headed towards $50T debt. Rebates when you've been running in the negative for 25 years straight while the economy isn't in a recession?
They are trying to soften the blow for 2026 Mid-terms because they know tariffs are inflationary. It’s a bribe.
Well, that settles that. 100% of US companies are eating the 100% tariffs, making the US consumers none the wiser. Absolutely no outliers. Deutsche Bank has spoken. @Space Ghost you would bet the farm on this rock solid information!!!
Biden's was to help Americans to cope with the worldwide pandemic. Hawly's proposed bill is a TACO (Trump Again Chickening Out) move to lessen the economic pain attributable to the self-inflicted wound caused by the 78-year old tangerine Musolini
Majority of checks and enhanced unemployment were under the first Trump admin but don't let facts get in the way of your lame attempts to troll.
Never heard you complain about subsidies for corporations...although we know how you feel when some scraps go to the poor.
does your statement in some way disprove that people seemed to like Biden's stimulus checks? are you suggesting that people did NOT like Biden's stimulus checks?
People like money in their pockets? Shocking There is also a big difference between Stimulus and Rebate. For me, Biden's campaign promises made sense in summer of 2020. By the time they passed his COVID bill, I thought it was pretty unnecessary. Vaccines, natural immunities, and better understanding of treatment by then meant we were more normalized. The simple reason our government can't balance a budget is we want all of the benefits, but we also don't want to pay for them.
The liberal left will lose their minds over TARIFF STIMMIES! They hate tariffs, but love free stuff. What to do? Trump with another beautiful chess move. GOOD DAY
