Tariffs Catch-All

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Amazon Rules Out Displaying Tariff Impact After White House Attack​

Administration had said breaking out import charges would be ‘a hostile and political act’​



“…
The e-commerce giant said Tuesday it had considered displaying how much import charges would increase prices on its ultracheap shopping website Haul, but said the idea “was never approved and is not going to happen.”

Amazon also said it hadn’t considered the idea for the main Amazon site, and no changes had been implemented on any Amazon properties.

Yet the company’s response was too late to avoid White House involvement. Trump called Bezos to raise concerns after Punchbowl News reported that Amazon was planning to display the impact of tariffs during its online checkout process, according to people familiar with the matter.

Criticism from White House press secretary Karoline Leavitt sent company shares down in early morning trading. …”
What a chicken shit Bezos is.
 
The latest gold adjusted Q1 GDPNow from the Atlanta fed dropped significantly to -1.5%. The non-gold adjusted is -2.7%.

It will be interesting to see where the GDP is tomorrow. Not sure which of the two is supposed to predict the GDP numbers which will be released.

Ideally that model should get more accurate as we go.

Also note that the St Louis and NY feds have their own estimates but those use input that is not in the official GDP. Atlanta’s uses the same input as the official GDP.
 

Trump pushes back against economic anxieties in ABC interview, says China 'probably will eat those tariffs'​





Season 7 Eating GIF by Will & Grace

Trump contradicting himself within the same sentence, and the interviewer didn’t push back on the “gas and grocery prices are way down”. 🤦 when, in fact, gas is up and food prices have temporarily stabilized.
 
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