Trump Is Making Affordable Goods Expensive
Trump Is Making Affordable Goods Expensive
https://reason.com/2025/04/04/trump-is-making-affordable-goods-expensive/
Tag: inflation
Trump’s Team Panicking Over Tariff Chaos
The stock market fall and the inflation from tariffs damage retirements and show the importance of Social Security.
These tariffs aren’t part of a total strategy to bring key industries back to the United States. They are vindictive and nonsensical.
https://www.youtube.com/watch?v=IaAdYSrYQdk
‘Modest stagflation’ risk climbs for Trump as inflation jumps
“Inflation climbed in February as consumers braced for the potential onslaught of higher prices from President Donald Trump’s sweeping tariffs on U.S. trading partners.
The Commerce Department reported Friday that prices rose at a higher-than-expected annual rate of 2.8 percent last month, excluding food and energy items, a signal that prices could spike even further in the coming months.”
https://www.politico.com/news/2025/03/28/stagflation-risk-inflation-trump-economy-tariffs-00256500
The Way Out of Our Inflation Mess
“It’s important for the new administration to understand that controlling inflation requires more than Federal Reserve action. It demands fiscal discipline. That means difficult choices that politicians typically avoid. Federal spending must be curtailed, particularly in entitlement programs. Tax revenues must be made stable and predictable. Most importantly, the administration must reject new spending, regardless of the apparent merits. Finally, more tax revenue through more growth—made possible by the improved tax system and deregulation—would help.
Continuing to ignore fiscal-monetary interactions and hoping inflation will mysteriously moderate risks a crisis that could dwarf any challenges we face today. Fiscal responsibility isn’t just about balancing books; it’s about maintaining the stability of the dollar and the prosperity of the American people. History tells us that the longer we wait, the more costly the eventual solution becomes.”
https://reason.com/2025/01/16/the-way-out-of-our-inflation-mess/
CHINA USA CANADA MEXICO EUROPE Trade War Erupts
An immediate impact of tariffs is increased prices. Paying more means less money for other purchases and investments. Less purchases and investments means a smaller economy than there otherwise would be. A smaller economy means less wealth and jobs for most people.
https://www.youtube.com/watch?v=dQNMksYweWU
Fox Host throws TANTRUM when car dealer says Trump tariffs will CRUSH him
Fox Host throws TANTRUM when car dealer says Trump tariffs will CRUSH him
https://www.youtube.com/watch?v=5jlHejcVeCg
RUSSIA is Broken
Russia is suffering from a deep deficit, high inflation, and high interest rates due to sustaining their invasion.
Russia is hurting and could decide that the war is not worth it if Ukraine had consistent backing.
https://www.youtube.com/watch?v=kse-o0Oz2AI
Like Biden, Trump Does Not Control the Price of Eggs
“Trump talked repeatedly about runaway grocery prices during the campaign, pledging that if elected, paying over $4 for a carton of eggs would be a thing of the past. “When I win, I will immediately bring prices down, starting on Day 1,” he pledged. But after
Trump’s First Presidential Trip, and an American Egg Crisis
Trump seems eager to help red states with natural disasters, but not California, seeming to not understand the extent that weather made California particularly susceptible to hard to stop fires.
https://www.youtube.com/watch?v=XMrHgQm0n2M
Trump Must Choose: Tariffs or Lower Prices
“Trump told reporters Monday night that he’s thinking of imposing tariffs of up to 25 percent on Mexican and Canadian goods. The Peterson Institute for International Economics recently published a study finding that such tariffs “would slow growth and accelerate inflation in all three countries.”
Though the details of Trump’s tariffs remain uncertain, he promised in his inauguration speech to establish an “External Revenue Service [ERS] to collect all tariffs, duties, and revenues,…massive amounts of money” from foreign sources. The Secretary of the Treasury was directed to establish the ERS on Monday night by the America First Trade Policy order. Howard Lutnick, Trump’s pick to run the Commerce Department, said that “the External Revenue Service will put up tariffs, or walls that protect you.” They will do just the opposite.
As Reason’s Eric Boehm explains, “The tariffs Trump levied during his first tenure were paid nearly entirely by American consumers and businesses.” Trump has to choose: Complement his deregulatory agenda with free trade policies that decrease the price of consumer goods, manufacturing, and production, or hinder them with protectionism that benefits select industries at the expense of the American people. Let’s hope the president chooses the former.”
https://reason.com/2025/01/21/trump-must-choose-tariffs-or-lower-prices/