Tootfinder

The #Trump_Tariff_Inflation is affecting more than one industry - and for no benefit to anyone.
If the #GOP actually wanted to support small business, they'd be letting their constituents know how the #tariffs

The #Trump_Tariff_Inflation is affecting more than one industry - and for no benefit to anyone.
If the #GOP actually wanted to support small business, they'd be letting their constituents know how the #tariffs

Best way to destroy US tech leadership is to put import taxes (tariffs) on everything they sell overnight.
https://apnews.com/article/apple-trump-computer-tariff-c01b5ce0265b0d294dd10b8966be4436#

Trump plans 100% tariff on computer chips, unless companies build in US
President Donald Trump says he's imposing a 100% tariff on computer chips— a move that raises the specter of higher prices for electronics, autos, household appliances and other essential goods that depend on the processors. Companies making computer chips in the U.S. or planning to do so will be spared the import taxes. During the pandemic, a shortage of computer chips increased the price of autos and contributed to higher inflation. Investors continued to bet that Big Tech companies such as…

The U.S. could tumble into recession before seeing Trump’s promised golden age
The labor market has basically stalled since Trump kicked off his “Liberation Day” tariff offensive in April.
Some on Wall Street are mulling the likelihood of a recession.

“The odds are close to 50/50, maybe more,” said Neil Dutta,
head of economic research at Renaissance Macro Research in New York.
“The case for a slowdown is pretty compelling.”

Administration officials dismiss …

Analysis | The U.S. could tumble into recession before seeing Trump’s promised golden age
The U.S. economy is at risk of entering a recession before President Trump’s promised golden age, with weak job growth and high inflation blamed on his policies.

"The Fed sees elevated consumer prices and increased inflation ahead as the trade war intensifies. Prior to Trump, the average tariff on stuff coming into America was 2.3%. Now it’s topped 17%, which is the highest since 1934 (a year of intense misery and suffering). Given the ‘deals’ Trump has just made, that rate is set to crest above 19% – the stiffest since 1906. That’s when this guy was president. Nice stash. "
--- Garth Turner