He’s trying to take credit for:
While some did have diplomatic breakthroughs some of the fighting hasn’t stopped and some countries said he had nothing to do with it. Granted he will never say anything about the ones that are still fighting.
I think it’s a touch overblown for this month but it’ll be more visible in the coming months since production and shipping times are so long to get through the supply chain.
They actually saw a slightly adjusted down CPI-U for meat/eggs -0.2 and dairy -0.1 for may to June 2025.
However overall from May to June Food was up 0.3 Energy was up 0.9 (definitely will be interesting to watch as we get to the colder months for natural gas)
oh boy I can’t wait to read that inflation is still at record lows and Powell needs to lower the rates…
All social media are data honeypots. There is a reason all the tech oligarchy was front row at his inauguration.
Right. Like is that a base rate or is that just for steel and aluminum?
Snip snap snip snap
He did just host his crypto dinner so who had his ear who was going to make boatloads of money on the EU tariffs?
Kind of amazing on the break out seeing how much republican poll support he’s still getting.
NEW Economist/YouGov Apr 20-22 % who approve | disapprove of Trump’s job performance
U.S. adult citizens 41% | 54%
Last week 42% | 52%
Start of term 49% | 43%
Feels like a cozying up to trump looking for a tariff exemption by doing this too, right?
Except it’s Trump. He will never step down. He can’t admit he’s wrong on anything otherwise it’ll break his macho man persona of never being wrong and it’s not his fault.
It’s all ragebaiting and clicks now.
Looking like complete escalation since china won’t bend the knee to him
I’ve seen a new talking point popping up that he’s crashing the market on purpose to refi US debt and force the fed to drop interest rates…
Honestly they probably plugged it into Grok and asked it to spit out the list of countries to tariff.
It’s probably dumber than you think why they weren’t on there. The formula they used to come up with the countries tarrifs rate is based simply on trade deficit calculations. So if you aren’t exporting/importing from those countries they wouldn’t be included. It doesn’t even matter if there was a trade surplus.
For example, take the figures for China:
Sources:
https://www.ft.com/content/e025d7e6-512d-4e82-9c25-7900b94ac153
It was ironic after they called zelensky out, elonia wore one to trump’s Congressional rally.
This is America…they probably are already obese with diabetes.
He did that already in 2018 and they expired in 2024.
https://www.aeaweb.org/articles?id=10.1257%2Faer.20190611
Tariffs resulted in a pass through cost greater than 100%.
They also find the employment effect (1800 jobs, not 2000) but the cost to the public of those jobs was $800,000+ each.
If you think about it. Have you ever seen him actually laugh or just smirk?
Right. The current CR being voted on runs out by end of November anyway. Theyll have to pass another one right away.