Tariffs Catch-All

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Trump TACO'ing on China tariffs, further extending the tariff deadline.

The July inflation numbers forJuly must be bad...or they need time to fudge them.
 
everyone in the WH is going to buy gold as you know the about face on it will be coming up soon.
 
Inflation remains elevated as Trump's tariffs take hold

Inflation continued to dog shoppers last month, as consumers were forced to shoulder more of the cost of President Trump's tariffs.

Consumer prices in July were up 2.7% from a year ago, according to a report Tuesday from the Labor Department. The annual increase was similar to the month before.

Rising prices on imported items such as toys and furniture contributed to the higher cost of living. That was partially offset by a sharp drop in the price of gasoline.

Stripping out volatile food and energy prices, "core" inflation for the twelve months ending in July was 3.1%. That's up from 2.9% for the twelve months ending in June.

 
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NPR

President Trump's executive order extends a reprieve from the threat of rising tariffs between the world's two largest economies.
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It’s TACO Tuesday!
 
Anyway, I was tied up today helping my sons get moved into his apartment, so don’t have a chance to post much.

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ZenMode said:
Inflation remains elevated as Trump's tariffs take hold

Inflation continued to dog shoppers last month, as consumers were forced to shoulder more of the cost of President Trump's tariffs.

Consumer prices in July were up 2.7% from a year ago, according to a report Tuesday from the Labor Department. The annual increase was similar to the month before.

Rising prices on imported items such as toys and furniture contributed to the higher cost of living. That was partially offset by a sharp drop in the price of gasoline.

Stripping out volatile food and energy prices, "core" inflation for the twelve months ending in July was 3.1%. That's up from 2.9% for the twelve months ending in June.

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And it’s going to get worse unless TACO.
 
Another TACO Tuesday.

Trump is essentially Ridin' with Biden's economy. There will be plenty more distractions and extortions...but the markets sussed the tariff BS out well.
 
Duke Mu said:
Another TACO Tuesday.

Trump is essentially Ridin' with Biden's economy. There will be plenty more distractions and extortions...but the markets sussed the tariff BS out well.
Click to expand...
Yes and no, IMO.

Trump’s definitely riding highs of the wave of the Biden economy. And the market has done well to negotiate Trump’s uncertainty and TACO tactics over the first 6-7 months.

But we’re only just beginning to see the effects of the destruction of our long-standing trade alliances and the imposition of tariffs.

Just like we’re only just now starting to see the effects on the jobs market of all the DOGE cuts and the destruction of our medical/scientific research infrastructure and public health infrastructure.

It’s going to be a downward trend from here, IMO…the only questions are how steep and how soon.
 
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