You're right, though I think you're taking aim at something of a straw man. In fairness to you, the journalists writing these stories aren't clear, perhaps because they don't understand precisely and are thus fudging. When they say things like, "imports are the cause of the GDP decline," obviously that's not correct because they are mixing up methodology with theory.
Yep, trump’s been told shit is going down, Q2.
lol waaaaaaaahhh!!
apnews.com
Gas prices were $2.29 in Texas and grocery prices were lower on January 19th than the end of the month. Jobs and investment were only cut when the US Economy, the envy of the world, had to hedge on all bets because of the Trump Tariff Insanity. Just ask the CEOs, and not the Billionaire Bros, although they know the truth.
It is another case of the data not reflecting a lot of the more cautious business chatter and doomsaying so far. Overall, April data indicates that businesses definitely have taken defensive measures (building inventory to avoid tariffs, accelerating investments in equipment and co structuring ahead of tariffs, etc) that are warping some of the data but people have not yet slammed on the breaks. The general behavior reflected in the data to date suggests to a deep-seated expectation that the Trump Administration eventually will (mostly) back down and offset the negative impact of trade policy with steep tax cuts and regulatory relief.
