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Can we all agree the tariffs have been a disaster?
Posted on 5/4/26 at 9:22 pm
Posted on 5/4/26 at 9:22 pm
LINK
We have a year’s worth of economic data since Liberation Day, when President Trump announced much higher tariffs on most imported goods and countries, and the data are definitive; the tariffs have done significant damage to the economy. Since that day, job growth has come to a standstill, with only the non-traded healthcare industry adding meaningfully to payrolls. Also, since that day, inflation has accelerated, with the consumer expenditure deflator increasing at a 3% year-over-year pace, up from 2.5% before the tariffs and well above the Federal Reserve’s target of 2%. And the trend lines don’t look good, especially as the economic fallout from the Iran War hits with full force. The higher energy and other commodity prices caused by the war threaten to do even more economic damage than the tariffs, further undermining growth and pushing inflation higher. The U.S. economy is resilient, but just how resilient is set to be tested.
We have a year’s worth of economic data since Liberation Day, when President Trump announced much higher tariffs on most imported goods and countries, and the data are definitive; the tariffs have done significant damage to the economy. Since that day, job growth has come to a standstill, with only the non-traded healthcare industry adding meaningfully to payrolls. Also, since that day, inflation has accelerated, with the consumer expenditure deflator increasing at a 3% year-over-year pace, up from 2.5% before the tariffs and well above the Federal Reserve’s target of 2%. And the trend lines don’t look good, especially as the economic fallout from the Iran War hits with full force. The higher energy and other commodity prices caused by the war threaten to do even more economic damage than the tariffs, further undermining growth and pushing inflation higher. The U.S. economy is resilient, but just how resilient is set to be tested.
This post was edited on 5/4/26 at 9:24 pm
16
Posted on 5/4/26 at 9:24 pm to IMSA_Fan
nah
Posted on 5/4/26 at 9:25 pm to IMSA_Fan
Believe me, you will get your fair share of downvotes. You can't criticize the Trump administration.
Posted on 5/4/26 at 9:26 pm to IMSA_Fan
Not on this board. On this board it's Trump, God, Country.
Posted on 5/4/26 at 9:26 pm to wadewilson
Oh look it's Curly, Larry, and Moe
Posted on 5/4/26 at 9:27 pm to IMSA_Fan
You didn't even mention the part where we have to pay it all back because the tarrifs were ruled illegal.
Posted on 5/4/26 at 9:27 pm to IMSA_Fan
The press secretary and POTUS tell me we’ve collected billions, but no one has cut me a check.
Everything is more expensive though, which of course was inevitable since tariffs are a tax on the consumer.
Everything is more expensive though, which of course was inevitable since tariffs are a tax on the consumer.
Posted on 5/4/26 at 9:27 pm to IMSA_Fan
Heavy equipment fabrication shops are booked solid to the end of the year.
You are a moron
You are a moron
Posted on 5/4/26 at 9:28 pm to CitizenK
Well there’s an economic data point mark zandi missed
Posted on 5/4/26 at 9:28 pm to IMSA_Fan
Nope.
America First.
Others can pay to play.
America First.
Others can pay to play.
Posted on 5/4/26 at 9:29 pm to CitizenK
quote:
Heavy equipment fabrication shops are booked solid to the end of the year. You are a moron
You mean our woefully inadequate domestic production?
We cannot and will not meet our own demand in any relevant heavy industrial field. Not anymore at least (and it’s not coming back)
Posted on 5/4/26 at 9:30 pm to Indefatigable
quote:
Everything is more expensive though
Inflation in 2026 is 3.3%. It was 3% when he was elected. That .3% hurting you?
Posted on 5/4/26 at 9:32 pm to IMSA_Fan
quote:
much higher tariffs on most imported goods and countries,
Why are you insisting that America subsidizes the very countries that hate us the most? I really dont give a frick that you want to pay less for your stretchy pants and your wife's knock-off shite
Posted on 5/4/26 at 9:34 pm to BBONDS25
quote:
Inflation in 2026 is 3.3%. It was 3% when he was elected. That .3% hurting you?
Is this where we pretend that any of the things people actually buy regularly are included in the inflation numbers?
Energy and food aren’t.
Posted on 5/4/26 at 9:35 pm to IMSA_Fan
The only thing you can compare tariffs to is jobs that came to this country to avoid them. I know there’s a lag between the two but how many jobs have been created?
Posted on 5/4/26 at 9:35 pm to BBONDS25
quote:
Inflation in 2026 is 3.3%. It was 3% when he was elected. That .3% hurting you?
I’m a lot more worried about the fact that there’s been almost no job growth over the last year
Posted on 5/4/26 at 9:36 pm to Auburn80
quote:
The only thing you can compare tariffs to is jobs that came to this country to avoid them. I know there’s a lag between the two but how many jobs have been created?
Job growth is at a standstill
Posted on 5/4/26 at 9:37 pm to IMSA_Fan
quote:
I’m a lot more worried about the fact that there’s been almost no job growth over the last year
Because you fell better when we create non productive govt jobs
Got it.
Posted on 5/4/26 at 9:39 pm to jammajin
There has been no job growth anywhere except healthcare
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