Prices going up because of Trump tariffs

Do you have any empirical data to support your belief?

Tariffs are about to drive up prices for the American consumer.


Volley after volley of tariffs — and at times on-again, off-again trade actions — have put companies around the world on edge. And a handful of major retailers have already raised prices across the U.S., or warned of future hikes.
Trump has slapped new import taxes on nearly all of America's trading partners and a range of sector-specific goods in recent months — all while some targeted countries, notably China, have responded with their own retaliatory duties. While many of the steepest tariffs have since been paused or reduced, scores of other remaining levies have piled up on businesses.
... That's because companies that buy products made abroad pay the tariffs imposed on them — and, as a result, face higher costs that are typically passed on to consumers. Trump has argued that his new duties will bring manufacturing and money back to the U.S. But since so much of what we buy today relies on a global supply chain, economists have long-warned that such sweeping tariffs will mean more expensive prices from the grocery aisle to the auto repair shop.
Biden's inflation cost US families $11,400 a year in lost purchasing power, where were you then?

Americans need an extra $11,400 today just to afford the basics​

 
Biden's inflation cost US families $11,400 a year in lost purchasing power, where were you then?

Americans need an extra $11,400 today just to afford the basics​

Whatever you need to blame past administrations for does not escape the current plight.

Screen Shot 2022-02-28 at 8.39.44 AM.webp

You do recognize that Trump's tariffs are responsible for the rising prices of Wallmart and others, don't you?

 
Do you have any empirical data to support your belief?

Tariffs are about to drive up prices for the American consumer.


Volley after volley of tariffs — and at times on-again, off-again trade actions — have put companies around the world on edge. And a handful of major retailers have already raised prices across the U.S., or warned of future hikes.
Trump has slapped new import taxes on nearly all of America's trading partners and a range of sector-specific goods in recent months — all while some targeted countries, notably China, have responded with their own retaliatory duties. While many of the steepest tariffs have since been paused or reduced, scores of other remaining levies have piled up on businesses.
... That's because companies that buy products made abroad pay the tariffs imposed on them — and, as a result, face higher costs that are typically passed on to consumers. Trump has argued that his new duties will bring manufacturing and money back to the U.S. But since so much of what we buy today relies on a global supply chain, economists have long-warned that such sweeping tariffs will mean more expensive prices from the grocery aisle to the auto repair shop.
Yes. the actual rates by month


 
Whatever you need to blame past administrations for does not escape the current plight.


You do recognize that Trump's tariffs are responsible for the rising prices of Wallmart and others, don't you?

You were blaming Trump first term with Joe. Trump had things going good even with the deep state Progs and some Republicans thwarting him. Covid derailed that. And Progs suffocated the economy with their draconian dictums.
 
Best jobs creation ever. Historically low UE rate. 2.4 core inflation going out of office. You just need to shut up.
I guess you missed all the job revisions and the fact that we were coming out of covid. Also, he hired a lot of government workers. Sorry it was terrible. In his foreign policy was off the charts bad.
 

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