Saying the quiet part out loud
#Trump tells NBC he “couldn't care less” if #car makers hike #prices due to #tariffs
Trump has been preparing to impose new tariffs on a range of #consumer goods on April 2, a move that has drawn criticism from international leaders & concerns about potential price increases for #consumers.
#economy #Trumpcession
https://www.reuters.com/world/us/trump-tells-nbc-he-couldnt-care-less-if-car-makers-hike-prices-due-tariffs-2025-03-30/
“Trump’s actions seem designed to drive the U.S. economy into the ground. This would truly be a Trumpcession.”
Turns out the orange fascist moron isn't the great economic guru he pretended to be, what a fucking surprise.
Nearly all of the replacement parts on the shelves inside Fred Billeh's Warehouse in Chicago came from the countries facing new #tariffs. He estimates his warehouse carries "millions" of parts.
The INSUR Information Institute had already forecast premium increases this year of about 7%, & that was before the new tariffs.
"The impact of the tariffs will create a "ripple" effect, with tariffs today being felt in 12 to 18 months.
#Inflation #Trumpcession #Economy #USPol https://www.cbsnews.com/news/trumps-tariffs-will-raise-car-insurance-rates-experts-say/
"US Consumer Spending Barely Rises, Key Inflation Gauge Picks Up."
#Trumpcession #Stagflation #Economy #Tariffs #Privatization #USPol
#Trump's newly announced 25% import #tariffs on foreign #cars will increase vehicle prices by thousands of dollars for cars coming from Germany, Japan, & South Korea, as well as for the US assembled autos that use foreign-made parts, acc/to most auto industry experts.
However, one company likely to fare better is #Tesla, the electric vehicle manufacturer led by close Trump administration adviser #ElonMusk, industry analysts say.
#broligarchy #kleptocracy #trumpcession
https://www.npr.org/2025/03/27/nx-s1-5342456/tariffs-tesla-imports-musk-trump
As #Trump announces his #tariffs, his admin is also working with #Republicans on a package to extend his expiring #TaxCuts for #corporations & #wealthy individuals. Trump said Wednesday he was still pushing for a deduction for auto loan interest “but only if the car is made in America.”
"Other Fox personalities have been warning of a downturn or a recession. Meanwhile, a new NBC poll finds Trump’s approval on the economy is sinking. Yet he’s forging ahead with his tariffs and rarely bothers talking about the economy anymore."
#Musk #Trump #economy #tariffs #Trumpcession #stagflation #PriceofEggs #FoxNews
/2
"Fox News personalities are panicking about President Trump’s economy. Fox’s Maria Bartiromo, who has begun loudly sounding the alarm about Trump’s tariffs, lost patience with a Trump official on Tuesday, and walked through the reasons why business leaders are unhappy with the chaos Trump has unleashed."
~ Greg Sargent
#Musk #Trump #economy #tariffs #Trumpcession #stagflation #PriceofEggs #FoxNews
/1
"In two months, the United States has experienced the worst outbreak of measles in decades. The stock markets have suffered heavy losses. Prices of household items and food have risen.
In two months, the United States has become more of a pariah than a partner concerning human rights, global security, environmental protection, and goodwill."
#Musk #Trump #measles #economy #tariffs #StockMarket #PriceofEggs #stagflation #Trumpcession #HumanRights #environment #GlobalSecurity
/3
The potential to more than double the scope of #Trump’s #tariffs has alarmed economists & some congressional #Republicans, while other WH allies are concerned about the logistical challenges of a complicated new #import #tax regime. The precise nature of these new duties has spurred extensive discussions at the highest levels of the admin, w/VP #JDVance, #Commerce Secy #HowardLutnick, WH aide #PeterNavarro & #Treasury Secy #ScottBessent all playing a role in the talks….
Through his first 2 months in office, #Trump has raised tariffs on ~$800B in imports from #China, #Mexico & #Canada…. These #tariffs have sent the stock market careening & raised the risks of a #US #recession, while inviting retaliation against domestic industries by #trade partners.
Despite the blowback, snr Trump advisers are now publicly pledging to create a new tariff regime that would impose new duties on trade w/most countries that trade w/the US.
#economy #Trumpcession #geopolitics #USpol
White House aides prep new #tariffs on imports worth trillions for April 2, laying the groundwork for an escalation in global economic hostilities that #Trump has called “Liberation Day.”
The admin has already unnerved investors with duties on #Canada, #Mexico & #China, & yet, advisers are readying a move to dwarf all previous tariffs.
#economy #finance #Trumpcession #geopolitics #USpol #idiocracy #kakistocracy
https://www.washingtonpost.com/business/2025/03/19/trump-tariffs-imports-liberation-day/
"Some might feel like saying, we fucking warned you, but I won’t. Just this cautionary note…
If you’re one of the >42M borrowers with fed student loan debt, now is a good time to check your payment portal."
-C Webb
“What Trump is doing on student loans is literally going to crash the economy" -Rooker
Another TikToker took to the platform to describe her husband’s dramatic 10x payment increase—from $500 a month to close to $5,000.
#Trumpcession #StudentLoans #USPol
https://fortune.com/2025/03/17/millennials-student-loan-payments-skyrocket-donald-trump-administration-changes-department-of-education/
