Trump doesn’t seem to know why he launched a giant trade war
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Not every good is imported. Not every country has tariffs leveed against it.
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Agree, inflation can theoretically increase not only prices, but wages to compensate the increased cost of living, therefore appear as a boomed GDP, bringing the debt to GDP ratio lower without actually reducing debt.
Eu, china, Russia all have much lower debt to GDP.
Of course in reality inflation is hard to manage once it gets out of hand, and the levels of interest rates don't give enough space for corrections, and the problem of inflation being the reduced consumption leading to a lesser increase of GDP. -
And when he takes the tariffs off, the prices never go back to the original starting point.
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25% on top of the old price, for goods not produced domestically. Assuming that's all of them, that'd be 25% of your spend going towards products (Services are part of your spend, but don't get tariffed), indeed. But some things get produced in the US, so I imagine they factored that in there. For the average household, this seems to amount to about $1200/a
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Not arguing with you, just want to point out 25% is the new tax but that doesn’t mean the price is only going up 25%.
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Either that or Trump is following orders.
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He's following orders but he forgot what they were, too.
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off topic, but what does your signature mean? can you really copyright your comments? I've never seen this before
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Here you go: https://lemmy.world/comment/9805932
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that's what i thought. not sure if it is effective, but you do you!
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Market manipulation. He is also a TV show host, so he is a showman. He likes creating drama.
He is famous for bad management, causing his casinos to go bankrupt. His management style is going to bankrupt US and somehow make him richer.
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not sure if it is effective
Well, if its good enough for ProPublica, its good enough for me.
~This~ ~comment~ ~is~ ~licensed~ ~under~ ~CC~ ~BY-NC-SA~ ~4.0~
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yup, it forces everyone to raise prices, including competitors.
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Look at the Project 2025 document, its supposedly written by the heritage foundation but has a section on building a border wall and doing capital punishment. Its clearly crafted by Trump.
Inside it talks about tariffs, using them to force other countries to lower their tariffs against the US. I assume its meant to force a free trade agreement that is 100% free trade, and not a misnomer like it is now.
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all due respect, but you are not a news entity and you will never know whether your license was honored, so i really don't see the point. but like i said, you do you
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Yeah that’s the conclusion isn’t it
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It's deeper than that. Putin conditioned the dementia into him, so once the orders are carried out, he forgets
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