He is completely screwing over blue collar America. Today Republicans are bragging that 30% of Americans are upper middle class now. And it's Trump's doing. But a family of 4 making $155K isn't that much. At least that's what Republicans said when Biden was president. Now they point out it's upper middle class. La di da.
We are all paying more for Trump's war and tariffs and his outrageous spending. The waste/fraud/abuse by Team Trump is mind blowing.
But anyways, not only are we all paying more, companies aren't doing as well either under Trump. You see, when Trump tariffed them they ate half the costs of those tariffs. We ate half they ate half. It's only a matter of time before they give us their half and tell us to eat it.
Trump's tariffs did not immediately cause broad, severe price increases because American firms absorbed costs, foreign suppliers cut prices to maintain market share, and many retailers used stockpiled inventory. Additionally, extensive, strategic exemptions were granted to key industries and countries, limiting the total economic impact and slowing the passthrough to consumers.
- Cost Absorption: Rather than raising prices, many firms absorbed the cost of tariffs, accepting lower profit margins to avoid losing customers.
- Inventory Stockpiling: Retailers and manufacturers built up inventories before the tariffs took effect, allowing them to sell goods for months that were not subject to the new taxes.
- Exemptions and Gaps: Many exemptions for specific products and countries (like Mexico and Canada) were applied, reducing the overall scope.
- Foreign Exporters Lowered Prices: In competitive markets, foreign suppliers, particularly in China, reduced their own prices to maintain their U.S. foothold, reducing the final cost to U.S. buyers.
