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re: How the U.S. Economy Has Defied Doomsday Predictions on Tariffs

Posted on 11/3/25 at 4:55 pm to
Posted by SaintsTiger
1,000,000 Posts
Member since Oct 2014
1871 posts
Posted on 11/3/25 at 4:55 pm to
quote:

Funny, because I didn’t see you reference “actual price tags.” I saw you reference inflation. As in.. the CPI, a price index created by the same sort of “so called experts.”

CPI is supposed to be a benchmark for the overall blend of consumer spending. I gave you the math. Using the peak duties collected by the US government (as of September) and assuming 100% of tariffs had already been passed along to consumers, it would only amount to a ~1.25% increase in overall consumer spending. So 50-70% of tariffs hitting consumers would be something like ~0.6-0.9% on overall spending.

In reality when you consider delays as the tariffs propagate through the supply chain, it should be less than that even. So it’s entirely possible to have 3% y/y inflation and still have consumers eating 50-70% of tariff impacts. They aren’t mutually exclusive as you suggested. That was my point.


CPI is based on hard data including actual prices charged at the store. The “experts” are prognosticating about the future. Nobody has a crystal ball and the people that act like they do are full of shite.

AFAIK inflation has fallen since Trump has taken office. So much so that the FED has cut interest rates twice in a row. So much for the skynscreamers’ inflation fearmongering.
Posted by Bonkers119
Baton Rouge
Member since Dec 2015
11575 posts
Posted on 11/3/25 at 4:56 pm to
quote:

So much so that the FED has cut interest rates twice in a row.


Feds have cut rates because the job market is collapsing under trump, not because of inflation.
Posted by Jimmyboy
Member since May 2025
1675 posts
Posted on 11/3/25 at 4:57 pm to
The prices of things were going up anyway. It’s just convenient to point at trumps tariffs war as the reason. Nothing ever just stays the same
Posted by dgnx6
Member since Feb 2006
84931 posts
Posted on 11/3/25 at 4:58 pm to
I'm still waiting on Black Monday.


The baws on the MB promised me.
Posted by dgnx6
Member since Feb 2006
84931 posts
Posted on 11/3/25 at 4:59 pm to
quote:

Feds have cut rates because the job market is collapsing under trump



So not the 900k fictious jobs under Biden?


quote:

BLS revision shows annual hiring was overstated by 911,000 jobs

This post was edited on 11/3/25 at 5:01 pm
Posted by CSinLC
Member since May 2018
2021 posts
Posted on 11/3/25 at 5:03 pm to
Try being on a fixed income. Still gotta eat. Still gotta get insurance. Still gotta pay taxes on necessary goods and services. Plus income tax. Takes a good chunk outta whats left
Posted by SaintsTiger
1,000,000 Posts
Member since Oct 2014
1871 posts
Posted on 11/3/25 at 5:07 pm to
quote:

Feds have cut rates because the job market is collapsing under trump, not because of inflation.


They have a dual mandate and must consider both factors.

Frankly the economic theory that we need 2% inflation in order to incentivize consumption to keep the economy growing is bullshite.

Cheaper airplane tickets, cheaper gas, cheaper TVs, cheaper computers and other technology, etc are all good for the consumer. Allows people to access more goods and services.

Posted by armsdealer
Member since Feb 2016
12267 posts
Posted on 11/3/25 at 5:18 pm to
So taxes good now????
Posted by armsdealer
Member since Feb 2016
12267 posts
Posted on 11/3/25 at 5:22 pm to
Trump does look bad without any help.

Republicans look bad, they are cheering higher taxes, even in this thread!

Yeah, the democrats look terrible too, but that doesn't mean anything about this administration is remotely fiscally conservative.
Posted by Joshjrn
Baton Rouge
Member since Dec 2008
31313 posts
Posted on 11/3/25 at 5:26 pm to
quote:

I'm still waiting on Black Monday. The baws on the MB promised me.

The only time I saw people calling for that kind of collapse was if Trump stuck to what he said he was going to do regarding tariffs; he never has. That’s a good thing, but it makes crowing about what has happened a bit silly. If he stuck with his “big board”, I think we would be in a very different scenario about now, don’t you?
Posted by Spankum
Miss-sippi
Member since Jan 2007
60152 posts
Posted on 11/3/25 at 5:29 pm to
quote:

Then its time to raise tariffs even more.



You do realize that the American consumers pay the tarriffs, don’t you?
Posted by dawgfan24348
Member since Oct 2011
51352 posts
Posted on 11/3/25 at 5:37 pm to
Not to mention Trump's stupid trade wars fricked over soybean farmers but hey don't worry Trump is winning by getting a deal done that says China will buy soybeans from the US again. I mean it's half less than what it was but own the libs or something wooo

LINK
quote:

But the 12 million metric tons that China plans to buy between now and January is only about half the typical annual volume

quote:

but they cautioned this won’t solve all their problems as they continue to deal with soaring prices for fertilizer, tractors, repair parts and seeds.
Posted by Klark Kent
Houston via BR
Member since Jan 2008
72668 posts
Posted on 11/3/25 at 6:40 pm to
if i remember correctly, and i do, in almost every economic discussion in 2025 you’ve claimed that the end was near. Still forecasting doom?
Posted by Bonkers119
Baton Rouge
Member since Dec 2015
11575 posts
Posted on 11/3/25 at 8:52 pm to
quote:

So not the 900k fictious jobs under Biden?


He still created 800k jobs that year even after the revisions. It would take Trump 3 years to create 800k jobs at his current rate.
Posted by OweO
Plaquemine, La
Member since Sep 2009
119830 posts
Posted on 11/3/25 at 8:55 pm to
quote:

this past weekend



Im sure LSU being off played a slight factor in this. I always notice more people out and about on LSU bye weeks, but whats weird is that its not like that when its not football season and nice weather always helps.
Posted by tadman
Member since Jun 2020
5138 posts
Posted on 11/5/25 at 11:32 am to
quote:

quote:

Then its time to raise tariffs even more.




You do realize that the American consumers pay the tarriffs, don’t you?


You do realize this is the most idiotic thing to say? Like I would make up babbbly baby talk before I said this.

In 1950, we built most our stuff here. We could afford to do so because we had good jobs here. You could finish high school and get a good job building cars, appliances, etc...

In 2025, we build most of our stuff elsewhere. We supposedly can't afford to buy stuff made here. (a) most people have a 6 year car loan on a $50,000 car; (b) most people work at a service job or walmart selling chinese crap (c) the average house went from 1000sft to 2500sft

Now this may seem utterly crazy, but if people stopped buying cars and houses they cant afford and got jobs paying a decent wage, making the things we need here, rather than working at supercuts or walmart... they might be able to also afford the things we make here (or to pay the tariff if they insist on buying foreign stufff).

This isn't hard.

We cut our own wrists around 1994 when Clinton gave China MFN.
Posted by dewster
Chicago
Member since Aug 2006
26322 posts
Posted on 11/5/25 at 11:55 am to
I don't think things are entirely rosey.

I've seen signs of slowdown in my industry for a year now. Not dramatic, but it has been there for some time. Tarriffs rocked us pretty hard, but I'm seeing that as cover for some other issues in the economy.

I've also been one of those people who thinks we hiked rates too fast in too short of a time period after delaying those decisions in 2021-2022. And right now I think we are debating rate decreases because The Fed was either using bad data for their decisions 8-10 months ago or there is too much latency in their data. I think they will not have the opportunity to be as surgical or incremental now in their decisions because of it.
This post was edited on 11/5/25 at 12:00 pm
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
57604 posts
Posted on 11/5/25 at 12:08 pm to
quote:

Has it created any yet? Genuine question.


Do you consider new construction to be created jobs?

LINK

quote:

Apple's AI plant in Houston quietly starts operations months ahead of schedule
By Marissa Luck,Staff WriterOct 23, 2025

Apple has started shipping servers from its new artificial intelligence plant in Houston, marking a major step toward the region’s potential to become an AI hub.

Originally slated to open next year, the 250,000-square-foot facility in North Houston started operations ahead of schedule, Apple said in a statement Thursday.

However, construction is still ongoing, with local contractors expected to continue to build out and expand its Houston plant, Apple said. The project is underway within a northwest Houston industrial park at 8702 Fairbanks Road.


No idea how many will be employed there once it's built, but Apple has estimated to create at least 20k-25k more US jobs as part of the larger project this site is only one part of.

Posted by wm72
Brooklyn
Member since Mar 2010
8984 posts
Posted on 11/5/25 at 12:10 pm to
I own a small business which has been pretty steady regardless of the president for 20 years.

However, the past 4 or 5 months have been the worst since we opened.

The tariffs are affecting costs of all kinds of things but also the shipping confusion around them has brought any international sales to a complete standstill. Tourism is also way down.

Regular customers who generally spend a lot are holding back and you hear comments about potentiial increasing healthcare costs etc.

I know this is just an anecdotal example of one small business and doubt this affects really rich investors and giant corporations much.

But, there's a general uneasiness that's not happened in my adult life.
This post was edited on 11/5/25 at 3:01 pm
Posted by dnm3305
Member since Feb 2009
15755 posts
Posted on 11/5/25 at 2:23 pm to

quote:

So not only are companies not moving back to the US, we're paying 50-70% of the tariff cost for it. Winning


Per th White House website, and this is only a fraction…


Apple announced a $600 billion investment in U.S. manufacturing and workforce training as it brings additional components of its supply chain and advanced manufacturing back to the U.S. — along with an American manufacturing program to incentivize its suppliers to make their products in the U.S.

Project Stargate, led by Japan-based Softbank and U.S.-based OpenAI and Oracle, announced a $500 billion private investment in U.S.-based artificial intelligence infrastructure.

NVIDIA, a global chipmaking giant, announced it will invest $500 billion in U.S.-based AI infrastructure over the next four years amid its pledge to manufacture AI supercomputers entirely in the U.S. for the first time.

Micron Technology, the sole U.S.-based manufacturer of advanced memory chips, announced a $200 billion investment in its U.S.-based manufacturing and production of advanced memory chips — including construction of a second chip fabrication facility in Boise, Idaho, and modernizing its Manassas, Virginia, facility.

IBM announced a $150 billion investment over the next five years in its U.S.-based growth and manufacturing operations.
Taiwan Semiconductor Manufacturing Company (TSMC) announced a $100 billion investment in U.S.-based chips manufacturing.

Johnson & Johnson announced a $55 billion investment over the next four years in manufacturing, research and development, and technology — including a $2 billion dedicated manufacturing facility at the FUJIFILM site in Holly Springs, North Carolina.
AstraZeneca announced a $50 billion investment for medicines manufacturing and research in the U.S.

Roche, a Swiss drug and diagnostics company, announced a $50 billion investment in U.S.-based manufacturing and research and development, which is expected to create more than 1,000 full-time jobs and more than 12,000 jobs including construction.

Bristol Myers Squibb announced a $40 billion investment over the next five years in its research, development, technology, and U.S.-based manufacturing operations.

Amazon announced a $20 billion investment to expand its cloud computing infrastructure in Pennsylvania, creating at least 1,250 new high-skilled jobs, a $10 billion investment to build new data centers in North Carolina, and has committed to a $4 billion investment in small towns across America, creating more than 100,000 new jobs and driving opportunities across the country.

Eli Lilly and Company announced a $27 billion investment to more than double its domestic manufacturing capacity.

Vantage Data Centers announced a $25 billion investment to build a mega-scale 1.4GW data center campus in Shackelford County, Texas — which will employ more than 5,000 people across construction and ongoing operations.

United Arab Emirates-based ADQ and U.S.-based Energy Capital Partners announced a $25 billion investment in U.S. data centers and energy infrastructure.

Google announced a $25 billion investment in data center and AI infrastructure.

Blackstone announced a $25 billion investment in digital and energy infrastructure across Pennsylvania.

Novartis, a Swiss drugmaker, announced a $23 billion investment to build or expand ten manufacturing facilities across the U.S., which will create 4,000 new jobs.

Hyundai announced a $21 billion U.S.-based investment — including $5.8 billion for a new steel plant in Louisiana, which will create nearly 1,500 jobs.

Hyundai also secured an equity investment and agreement from Posco Holdings, South Korea’s top steel maker.

Hyundai later increased its total U.S.-based investment to $26 billion.

John Deere announced plans to invest $20 billion over the next decade in American expansion, production, and manufacturing.

United Arab Emirates-based DAMAC Properties announced a $20 billion investment in new U.S.-based data centers.

France-based CMA CGM, a global shipping giant, announced a $20 billion investment in U.S. shipping and logistics, creating 10,000 new jobs.

Sanofi announced it will invest at least $20 billion over the next five years in manufacturing and research and development.

Venture Global LNG announced an $18 billion investment at its liquefied natural gas facility in Louisiana.

GlobalFoundaries announced a $16 billion investment to boost its U.S.-based chip production, including expanding existing plants in New York and Vermont.

FirstEnergy Corp. announced a $15 billion investment in infrastructure enhancements.
Stellantis announced a $13 billion investment in the U.S. — the largest single investment in the company’s history — to expand its U.S.-based production by over 50%.

Gilead Sciences announced an $11 billion boost to its planned U.S.-based manufacturing investment.

AbbVie announced a $10 billion investment over the next ten years to support volume growth and add four new manufacturing plants to its network — including a $195 million investment to expand its U.S.-based drug production capacity.
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