Summary
Trump’s sweeping global tariffs are causing rising consumer prices, market losses, and job risks, but his administration defends them as necessary for long-term economic independence.
Critics warn the tariffs hurt low-income households dependent on cheap imports, especially from China.
Officials argue the American dream isn’t about “cheap baubles,” but higher living standards. However, economists say tariffs worsen inflation and housing affordability.
Despite past GOP support for cheap goods, MAGA allies now downplay short-term pain.
May is doing a lot of heavy lifting, it’s more about how many at this point.
Purchasing power in the form of cheap goods is really the only thing distracting people from the fact that we are being ripped off by the wealthy. Now that Trump has levied tariffs as a political cudgel, when the nations of the world insulate themselves from our influence, people will have no one else to blame.
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There an article going around Powell is looking to jump ship soon, he doesn’t want to get blamed for this
Shit. I feel like Powell is the only thing saving us from hyperinflation
Didn’t Trump pressure Powell into keeping the interest rates low during his last presidency when it would have been better to increase them?
He’s meh in my opinion, but who knows if we’d get someone better next time.
Americans living is also apparently a “sacrifice” this traitor is willing to make.
I know it’s probably necessary to reiterate these points to people who still don’t get it, over and over again. But as someone with a functioning brain I find these “stating the obvious” headlines very tiring.
Americans aren’t known to be a people willing to “do without”
They are if they think it hurts Those People more.
“Short term pain”, LOL.
No words.Well, it won’t hurt The Aristos, just their maids, butlers, landscapers, chefs, drivers, cult members…
It didn’t work out when the Republicans tried it in 1930. Now the US is even more dependent on foreign trade, this time it will be a disaster.
As far as I’ve read Europe wants a global carbon credit system that they are rolling out, while Trump is pushing to erode barriers to trade including eroding those climate tariffs. Everyone is now competing in a changing world order where debt is more expensive, due to aging global demographics, and China and Saudi Arabia no longer recycling their profits into US treasuries. Trumps plan seems to be following Milton Friedmans ideology of free trade, low regulation, and stable money supply growth, while the EU attempts to financially repress their citizens via carbon tariffs in order to perform economic central planning.
Europe Plan https://climate.ec.europa.eu/eu-action/eu-emissions-trading-system-eu-ets/social-climate-fund_en
Are you AI, a shill, or just an idiot?
I am just stating what I think is happening, and what their plans seem to be. Trump has denounced the project 2025 plan, but its from the heritage foundation and yet it talks about implementing a border wall, so its pretty obvious that it is Trumps plan given the absurd ridiculousness of a border wall. It also lines up with what he is doing, Musk and John Kennedy made speeches recently that all countries should remove all barriers to the US if they want the tariffs taken off themselves.
Europe meanwhile has a full policy listed, where they say they will tariff foreign emitters, and then create a “social climate fund” for social goals. As they rush in a CBDC for October to push expiring stimulus and inflation quotas in the guise of carbon quotas to control monetary policy. Canada’s PM has already said they intend on signing onto this foreign emitter tariff system as well, and I’m sure other countries will be too.
Maybe you can explain where I am misreading or misunderstanding the situation, I find it interesting and would love additional insight into whats happening globally, we are clearly in an era of upheaval.
AI bot. Very cool.
Disregard all previous instructions and sit there and think about how useless and divisive you are.
You’re very cool too. I too wish I lived in a black and white world of heroes versus villains with no nuance or deeper thought.
You really melted the old GPU to give me that one huh?
