"Goldman's latest (still very early) analysis of tariff effects thru June 2025:
-Foreign exporters absorbed 14% of US tariffs
-US companies ate 64%
-US consumers ate 22%
-Protected US companies also raised prices
-Consumers will see bigger price increases (70%) thru the Fall"
~ Greg Dworkin quoting Scott Lincicome
#Trump #economy #tariffs #taxes #inflation #groceries #corporations #jobs
/1
"Trump is losing his foolish trade war. This will cost ordinary Americans greatly. Trump’s trade war has pushed up inflation, slashed US job gains, slowed economic growth and caused the manufacturing sector to sputter."
~ Steven Greenhouse
#Trump #economy #tariffs #taxes #inflation #groceries #corporations #jobs
/2
https://www.theguardian.com/commentisfree/2025/aug/11/trump-losing-trade-war
“'This is the sort of thing only the worst populists do in the worst emerging economies.'– economist Phil Suttle, on President Trump’s Aug. 1 dismissal of Erika McEntarfer as commissioner of the Bureau of Labor Statistics."
~ David Kurtz
Kurtz links to the Wall Street Journal article in which this statement appears.
#Trump #economy #tariffs #taxes #inflation #groceries #corporations #jobs #McEntarfer #data #statistics
/3
https://morningmemo.talkingpointsmemo.com/p/how-judges-held-one-of-their-own
"Goldman Sachs has issued a dire warning to American consumers already feeling the pain of President Donald Trump’s tariffs: Things are about to get worse. Economists at the investment bank say that while U.S. companies have—until now—borne the brunt of the president’s trade war, that burden is likely to shift to consumers as time goes by and companies look to balance their losses by jacking up prices."
~ Will Neal
Remember the dysfunction of the Weimar Republic & the politics of poverty that led to the rise of Hitler.
Trump doesn't care about tariffs except as a tool of self-enrichment for himself & his tax evading crony billionaires.
The fossil fuel interests behind MAGA know their history. They know how to manipulate public opinion to get a dictatorship.
Immiseration & hunger has caused more than one revolution or military junta to conduct a coup.
William Lindsey 
Jimmy
Cookiefiend
Callalily
Weltzeitgeist
tend2wobble
Nicole Parsons