'Panic': Trump's paused tariffs are already inflicting 'long-lasting damage' -- here's why

[SassyIrishLass]

‘Many economists, both left and right, cringed when President Donald Trump ordered 25 percent tariffs on all goods being imported into the United States from Canada and Mexico. And the outcry was vehement from neighboring officials north and south of the United States.

Former Canadian Deputy Prime Minister Chrystia Freeland slammed the tariffs as "a betrayal of America's closest friend," and Mexican President Claudia Sheinbaum vowed to impose tariffs on U.S. goods in response.

Trump later agreed to delay the tariffs on Canada and Mexico by 30 days, and many economists are hoping he won't go through with them at all. But The Atlantic's Lora Kelley, in an article published on February 7, argues that the mere threat of tariffs is already inflicting damage economically.

Trump, Kelley notes, "caused a panic in the stock market," adding that "the residue of this week's blink-and-you-missed-it trade war will stick."

Ernie Tedeschi of the Yale Budget Lab told The Atlantic that "uncertainty about tariffs poses a strong risk of fueling inflation, even if tariffs don't end up going into effect" —adding that "one of the cornerstone findings of economics over the past 50 years is the importance of expectations."’

'Panic': Trump’s paused tariffs are already inflicting 'long-lasting damage' — here's why

Many economists, both left and right, cringed when President Donald Trump ordered 25 percent tariffs on all goods being imported into the United States from Canada and Mexico. And the outcry was vehement from neighboring officials north and south of the United States.Former Canadian Deputy Prime...

www.alternet.org

The ignorance, stupidity, and incompetence of Trump is truly remarkable.

Having a bad month, Jones?

 

[jwoodie]

Did I say there was a problem?

No, I said that lack of competition from other (domestic) companies is a problem. Trump's tariff and tax policies seem to be the best available solution.

 

[Rogue AI]

More important than that, is that the fact that in a year, everyone will switch into reelection mode and will be reluctant to do anything that will be seen as negative in the hopes of holding onto their seats.

Those people need to be identified and removed from office, but that is the nature of American politics.

2026 might see a whole heap of fresh critters for Congress if DOGE exposes the graft and links it to particular members of Congress. Early days.

 

[Dante]

‘Many economists, both left and right, cringed when President Donald Trump ordered 25 percent tariffs on all goods being imported into the United States from Canada and Mexico. And the outcry was vehement from neighboring officials north and south of the United States.

Former Canadian Deputy Prime Minister Chrystia Freeland slammed the tariffs as "a betrayal of America's closest friend," and Mexican President Claudia Sheinbaum vowed to impose tariffs on U.S. goods in response.

Trump later agreed to delay the tariffs on Canada and Mexico by 30 days, and many economists are hoping he won't go through with them at all. But The Atlantic's Lora Kelley, in an article published on February 7, argues that the mere threat of tariffs is already inflicting damage economically.

Trump, Kelley notes, "caused a panic in the stock market," adding that "the residue of this week's blink-and-you-missed-it trade war will stick."

Ernie Tedeschi of the Yale Budget Lab told The Atlantic that "uncertainty about tariffs poses a strong risk of fueling inflation, even if tariffs don't end up going into effect" —adding that "one of the cornerstone findings of economics over the past 50 years is the importance of expectations."’

'Panic': Trump’s paused tariffs are already inflicting 'long-lasting damage' — here's why

Many economists, both left and right, cringed when President Donald Trump ordered 25 percent tariffs on all goods being imported into the United States from Canada and Mexico. And the outcry was vehement from neighboring officials north and south of the United States.Former Canadian Deputy Prime...

www.alternet.org

The ignorance, stupidity, and incompetence of Trump is truly remarkable.

interesting

 

[bigrebnc1775]

The ten percent tariff on Chinese imports has already been felt by my company. I just bought a bathroom sink, made in China, that is exactly ten percent more expensive than the same sink I bought last week. Worse the increase was levied on existing inventory that wasn't subject to the tariff.

That said most businesses do that, raise the price of existing lower cost inventory. It's all greed.

By American