Tariffs Are Fueling INFLATION — Here’s the Proof | Prof G Markets
The items driving inflation are those that are subject to tariffs.
https://www.youtube.com/watch?v=ffxhsNxvrOo
Tag: inflation
Inflation Is A Choice: Kevin Warsh On Fixing The Federal Reserve | Uncommon Knowledge
The Federal Reserve took great and new action during the great recession, but they kept many of those policies afterwards, which can be dangerous and is an expansion of the Fed’s power.
https://www.youtube.com/watch?v=qVFEcg-RIAk
Trump Is Slapping a 50 Percent Tariff on Home Appliances
Trump Is Slapping a 50 Percent Tariff on Home Appliances
https://reason.com/2025/06/16/trump-is-slapping-a-50-percent-tariff-on-home-appliances/
Trump Declares That iPhones Should Be More Expensive
“President Donald Trump threatened on Friday morning to raise prices on iPhones sold in the United States, as he threatened to slap a 25 percent tariff on Apple smartphones that aren’t built in the United States.
“I have long ago informed Tim Cook of Apple that I expect their iPhone’s (sic) that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else,” Trump posted on Truth Social. “If that is not the case, a Tariff of at least 25% must be paid by Apple to the U.S.”
In either outcome, consumers will have to pay more. A 25 percent tariff on iPhones built in other countries would, of course, artificially inflate prices. On the other hand, an American-made iPhone would likely be even more expensive: one estimate pegs the cost of an American-made iPhone at around $3,500.”
https://reason.com/2025/05/23/trump-declares-that-iphones-should-be-more-expensive/
Harvard Economist Ken Rogoff on debt, inflation and the dollar. A Charlie Rose Global Conversation
Harvard Economist Ken Rogoff on debt, inflation and the dollar. A Charlie Rose Global Conversation
https://www.youtube.com/watch?v=ODKjBI6Lt14
The Savings Expert: The Truth About America Collapsing! The Cost Of Living Is About To Skyrocket!
After WWII, the other manufacturing centers of the world were rebuilding from the war, leaving the U.S. as a manufacturing superpower. Post-war Americans had pent up demand and bought lots of goods. This allowed U.S. manufacturing to flourish. Later, those countries rebuilt and third world countries developed manufacturing. Allowing low-value manufacturing to be done in places like China allowed the U.S. to invest the money made into high-value things. Now, manufacturing is highly automated, so if low-value manufacturing returned, it would make everything more expensive and not bring many jobs because manufacturing doesn’t require many laborers.
https://www.youtube.com/watch?v=uxu37dqVR90
Why everyone is wrong about the economy | Jason Furman | The Reason Interview with Nick Gillespie
Biden ran as a relative moderate, but governed more to the left, creating inefficient policy and contributing to inflation.
Large and growing government debt reduces economic growth because that means the government is borrowing more money, which drives up interest rates, which drives down business investments and homebuilding. When borrowing from foreigners, you have to give some of your economic growth to them to repay them.
https://www.youtube.com/watch?v=KogDw5ZRcl0
Trump Is Wrong. Cheap Goods Are Awesome.
“Donald Trump doesn’t think Americans deserve stuff. The right number of pencils for a family? Five. The right number of dolls for a little girl? Two, maybe three. His comments in recent interviews bear a striking similarity to those of left-wing Sen. Bernie Sanders (I–Vt.), who in 2015 famously bemoaned that consumers have too many deodorant options.
How did Trump—who campaigned on a promise of reducing inflation—become so eager to have Americans pay more for everyday commodities? While Trump may have made overtures to reducing prices, he’s long supported the kinds of economic interventions most likely to lead to inflation. And if you believe that protectionism is the path to prosperity for everyday Americans, your definition of prosperity starts to change pretty quickly.”
https://reason.com/2025/05/09/trump-is-wrong-cheap-goods-are-awesome/
Egg prices increase to record high despite Trump’s predictions and bird flu outbreak slowing
“U.S. egg prices increased again last month to reach a new record-high of $6.23 per dozen despite President Donald Trump’s predictions, a drop in wholesale prices and no egg farms having bird flu outbreaks.”
https://finance.yahoo.com/news/egg-prices-continue-increase-despite-124116007.html
How Trump’s New Tariffs Will Make Farming (and Food) More Expensive
“Wednesday’s announcement elevated tariffs on three of America’s five largest agricultural trading partners—China (34 percent), the European Union (20 percent), and Japan (24 percent). Mexico and Canada, which are America’s two largest trading partners, were exempt from the list but have faced 25 percent duties on certain products since March.
Together, these five markets account for more than 60 percent of American agricultural exports and retaliatory tariffs have already been enacted by some. China has implemented a 10 percent to 15 percent tariff on American soybeans, cotton, pork, and poultry. In March, Canada announced retaliatory tariffs on a number of American goods, including $5.8 billion worth of agricultural products. The European Union, meanwhile, is considering a suite of tariffs that will impact the agricultural sector.
As these tariffs make it harder for American farmers to access foreign markets, thus decreasing revenue, they could also increase production costs and the price of fertilizer, which is one of the largest expenses involved in farming. Imports of the three most commonly used nutrients in fertilizers—potassium (potash), nitrogen, and phosphorus—topped $10 billion in 2023, $5 billion of which came from Canada. Potash, which “is an irreplaceable component of modern agricultural production,” according to the Fertilizer Institute, is sourced predominantly from Canada. Nitrogen, meanwhile, is imported mainly from Canada (the country meets 10 percent of American nitrogen needs), Russia, and Trinidad and Tobago (10 percent tariff).”
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“The damage that this policy will cause is not lost on the Trump administration. On Monday, Agriculture Secretary Brooke Rollins told the Des Moines Register that her agency is ready to make farmers affected by tariffs “whole” through cash assistance programs. Under the first Trump administration, the Agriculture Department also hedged against its poor trade policy by issuing $28 billion in bailouts to farmers.
Monetary compensation may provide farmers a reprieve, but it will be at the expense of taxpayers, who are going to have to pay more for their favorite products because of Trump’s trade war.”
https://reason.com/2025/04/03/how-trumps-new-tariffs-will-make-farming-and-food-more-expensive/