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#tariffs

437 posts217 participants36 posts today
Public
gentlegardener

#nvidia and #amd agree to pay illegal 15% #exporttax. aka tribute.

which pocket that $ goes into is a question. same question for $ rendered from #columbia #brown and proposed shakedown from #ucla.

gold no 39% import tax
paid by murricans for #swiss gold. so switzerland just
dodged something.

the plan here is #greed and induced #volatility

remember when #tariffs aka #importtaxpaidbyamericans were supposed to punish #mexico and #china (+#canada) for #fentanyl? which deals not done?

Public
Georgiann Baldino

“#Stagflation concerns ripple through Wall Street as #tariffs hit,” read one Bloomberg headline Thursday. JPMorgan analysts see “tariff-induced US ‘stagflationary’ slowdown in 2025,” Reuters reported in June. “It’s beginning to smell a lot like stagflation,” economist Paul Krugman wrote Friday.

James Downie for MSNBC msnbc.com/opinion/msnbc-opinio
#USPolitics #TrumpRegime

MSNBC · Trump's Oval Office chart charade can't hide the truth about the economyBy James Downie
Public
Alan Lewis

: #canada #democrats #donaldthehoaxtrump #donaldtrump #donaldtrumpmustresign #economy #eightysix47 #inflation #tariffgate #tariffgatescandal #tariffs #useconomy #uspol #uspolitics :

TRUMP'S TARIFFGATE SCANDAL
Mastodon Post

Attached is a key passage from an Alternet article that is well worth reading. I don't have a link but here is basic identifying information:

Trump's already feeling the pain as this jilted ally plots revenge
Story by Sabrina Haake, Raw Story

The "jilted ally" refers to Canada.

Donald Trump Must Resign

Eightysix47

Continued thread
Public
William Lindsey :toad:

“'This is the sort of thing only the worst populists do in the worst emerging economies.'– economist Phil Suttle, on President Trump’s Aug. 1 dismissal of Erika McEntarfer as commissioner of the Bureau of Labor Statistics."

~ David Kurtz

Kurtz links to the Wall Street Journal article in which this statement appears.

#Trump #economy #tariffs #taxes #inflation #groceries #corporations #jobs #McEntarfer #data #statistics
/4

morningmemo.talkingpointsmemo.

Morning Memo · How Judges Held One Of Their Own Out To Dry In Historic CaseBy David Kurtz
Continued thread
Public
William Lindsey :toad:

"Trump is losing his foolish trade war. This will cost ordinary Americans greatly. Trump’s trade war has pushed up inflation, slashed US job gains, slowed economic growth and caused the manufacturing sector to sputter."

~ Steven Greenhouse

#Trump #economy #tariffs #taxes #inflation #groceries #corporations #jobs
/2

theguardian.com/commentisfree/

The Guardian · Trump is losing his foolish trade war. This will cost ordinary Americans greatlyBy Steven Greenhouse
Public
William Lindsey :toad:

"Goldman's latest (still very early) analysis of tariff effects thru June 2025:

-Foreign exporters absorbed 14% of US tariffs
-US companies ate 64%
-US consumers ate 22%
-Protected US companies also raised prices
-Consumers will see bigger price increases (70%) thru the Fall"

~ Greg Dworkin quoting Scott Lincicome

#Trump #economy #tariffs #taxes #inflation #groceries #corporations #jobs
/1

dailykos.com/stories/2025/8/11

Daily KosAbbreviated Pundit Roundup: Special twitter editionThere’s a lot of dislike for Twitter (whatever it’s called these days, but I won’t use the owner’s preferred name), almost all of it deserved and earned. Yet many traditional reporters and ...
Public
Glyn Moody

#Trump is losing his foolish trade war. This will cost ordinary Americans greatly - theguardian.com/commentisfree/ "As a result of Trump’s tariff craze, the average effective tariff rate on imports into the US will be 18%, up from 2.3% last year – the highest level since the infamous Smoot-Hawley #tariffs of 1930 worsened the Great Depression."

The Guardian · Trump is losing his foolish trade war. This will cost ordinary Americans greatlyBy Steven Greenhouse
Public
DrALJONES

Analysis: Tariffs are taxes. "Americans, not foreigners, pay them through higher prices."

Treasury Sec Scott Bessent admitted that tariff payments come from American importers, not foreign sellers, & importers often pass the costs to consumers.

Trump's so-called “deals” with trading partners are mere power play, & the tariffs are starting to hurt the economy.

zeteo.com/p/maga-is-being-conn

#Tariffs #USPol #EuroPol #Inflation #USEconomy #USTaxes .

Zeteo · MAGA Is Being Conned: Trump's Tariffs Are Just Taxes by Another NameBy John Harwood
Public
Miguel Afonso Caetano

"The exemptions soften an already light blow. Nearly half of Brazil’s exports to the United States will be spared, estimates TS Lombard, an investment-research firm. As a result, Itaú Unibanco, a Brazilian bank, expects the effective tariff rate to be around 30%. Goldman Sachs has kept its GDP growth forecast for this year unchanged at 2.3%, citing the “notable” exemptions.
Some sectors will feel the pinch. Coffee is among the worst affected. Brazil ships almost half a million tonnes of beans to the United States each year, accounting for 16% of its coffee exports. The effect is already visible: shipments in July were down by a third from a year earlier, as importers delayed orders amid uncertainty. Cecafé, a coffee-producers’ trade body, warned of a “significant” impact on Brazilian roasters and traders. The beef industry will also suffer. Nearly 17% of Brazil’s beef exports went to the United States last year, and shipments have already slumped over the past few months. Fruit exporters—particularly of mangoes, açaí berries and other tropical fruits—face similar disruption.

Yet even these sectors may prove resilient. Brazil has steadily diversified its markets in recent years, and the most affected exports are commodities that can be redirected quite easily. The European Union remains the biggest buyer of Brazilian coffee. Sales to East Asia and the Middle East and North Africa rose by 25% and 61% respectively last year. Trade with China continues to grow. It already buys most of Brazil’s beef and, on August 2nd, approved imports from 183 new Brazilian coffee firms.

Some losses may also be absorbed through state support. Lula’s government has pledged targeted relief, including purchases of surplus stock from affected producers. Finally, there is hope that the tariffs could be eased. Rising prices in the United States could put pressure on the White House to change course."

economist.com/the-americas/202

A demonstrator holds an image of U.S. President Donald Trump with red horns during a protest against the tariffs on Brazilian products imposed by Trump.
The Economist · Donald Trump’s tariffs on Brazil are more bark than bite By The Economist
#USA#Trump#Tariffs
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