"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
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 
Nicole Parsons