Father Heathen
Veteran Member
Knowledge is your friend.
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Trump Tariff
- Thread starter John53
- Start date
Inflation is up again to 2.3% and the CPI core prices are up 2.8%.You seriously don't know what you're talking about and seem to be a naive victim of the likes of Fox.
8 charts that explain the Biden, Trump economies
Get ready: In the 2024 presidential race, the candidates will talk about the economy. A lot. We know because it’s alreadwww.politifact.com
Biden's Numbers, July 2024 Update - FactCheck.org
As Biden enters the final months of his presidency, we look at various statistical measures of what's happened during his term.www.factcheck.org
Maybe study and not be so gullible.
https://www.marketwatch.com/story/i...mer-fed-weighs-how-much-to-cut-rates-fe420832
Oh, look that wasn't Fox News.
What is obvious is that you are in denial.
Soandso
ᛋᛏᚨᚾᛞ ᛋᚢᚱᛖ
Inflation is up again to 2.3% and the CPI core prices are up 2.8%.
https://www.marketwatch.com/story/i...mer-fed-weighs-how-much-to-cut-rates-fe420832
Oh, look that wasn't Fox News.
What is obvious is that you are in denial.
View attachment 100312
Curious, where did you get that graph from? I don't see it in the link you provided and it isn't tagged by any research group
Kathryn
It was on fire when I laid down on it.
Clearly I meant from first hand experience.
I never wrote that it was from the article. The numbers are sourced from the U.S. government and can be found at statista.
SkepticThinker
Veteran Member
When did that happen?
Subduction Zone
Veteran Member
LOL! That would be "down to 2.3%". I se that we have another person that does not understand inflation. Take a look at that graph. At the worst of the last recession the inflation rate hit a low of just above 0%. It looks to be about .2%. Under Trump inflation was already ramping up due to some of his policies in 2018. But not very much. But again at the worst of the pandemic the rate was significantly below 2%. You may not understand this, but a 2% inflation rate is the goal of various government agencies since that is roughly the rate when the economy is optimal and we are almost at that rate right now.Inflation is up again to 2.3% and the CPI core prices are up 2.8%.
https://www.marketwatch.com/story/i...mer-fed-weighs-how-much-to-cut-rates-fe420832
Oh, look that wasn't Fox News.
What is obvious is that you are in denial.
View attachment 100312
Ending inflation does not mean that prices will go back down. That is simply something that not only will not happen, but that we also do not want to see happen. Your own graph shows that the inflation caused by the pandemic is almost over and that Biden has to be credited with its end.
I love it when people refute their own claims.
Who are you, Rip Van Winkle?
Subduction Zone
Veteran Member
Here is a short video that explains tariffs a bit and how Trump is proposing a 60% pride increase in all non-food items that you buy at Walmart:
SkepticThinker
Veteran Member
It never happened.
That's the answer.
Kathryn
It was on fire when I laid down on it.
Oh well, I don't buy anything from WalMart.. Nor do I watch online videos. Oh well.
We Never Know
No Slack
Even when(if) those tariffs raise prices, most if not all will still be cheaper than those made in the US.
It won't be enough to get people to buy American but if prices rise due to the tariffs, collected sales tax will rise with it.
Viker
Your beloved eccentric Auntie Cristal
And now, all of a sudden and conveniently, you trust the US government on something? Did you notice something, that it correlates correctly with a word wide pandemic?
Subduction Zone
Veteran Member
It does not have to be "Walmart". That applies to almost any non-food items that you buy. Not only will imports, which probably covers any clothes, electronics, appliances, etc. that you buy will jump in price proportional to the amount of tariff on them. But non-import prices are apt to jump too because there will be less competition on those items and manufacturers will take the opportunity to raise their profit margin.
You complained incessantly about the recent inflation that was not Biden's fault, nor was it Trump's fault, incessantly. That was caused by the pandemic and was global. Biden has ended that inflation. Once again, ending inflation does not mean that prices will go down. Trump lied when he said that he would reduce prices. He is proposing the opposite. To be fair Harris lied to when she talked about lowering food prices. That will not happen either. Inflation is like aging. One can lower the rate of aging. For example look at how drug addiction raises the rate of aging of users. Ending addiction will decrease that rate but the damage is done. In roughly the same way inflation cannot be reversed.
But to get back to the topic at hand what do you buy besides food right now? How will you react when those prices skyrocket due to Trump's increase of taxes on everyone except for the super rich?
That has nothing to do with Trump's plan to impose tariffs so is an attempt to distract from the issue.Inflation is up again to 2.3% and the CPI core prices are up 2.8%.
https://www.marketwatch.com/story/i...mer-fed-weighs-how-much-to-cut-rates-fe420832
Oh, look that wasn't Fox News.
What is obvious is that you are in denial.
View attachment 100312
Subduction Zone
Veteran Member
True. Labor is a huge part of the price of any product and countries where labor is dirt cheap will still have an advantage over the US.
Mexico has done a LOT to stem the tide of people coming to the border which resulted in a marked decrease of illegal border crossing. If they stop doing that because Trump pisses them off a lot, the policy will backfire bigly.
https://www.wsj.com/us-news/how-the...r-crossings-down-in-an-election-year-6672071f in case the WSJ report means anything to those in favor of knowledge.
Kathryn
It was on fire when I laid down on it.
I'm willing to see if it happens first. And inflation rates are still higher than they were before the pandemic, so no, Biden has not "ended inflation." By the way, I am not expecting prices to go down. I never have expected overall prices to go down. I think that's a ridiculous scenario. Also, I didn't lay blame at anyone's feet. Sure, I have hated that inflation is still high, but oh well. Maybe I chose a bad time to retire. Oh wait, I didn't choose it, it happened to me. Difference. I guess I could go back to work.
Last edited:
Koldo
Outstanding Member
If Trump does as he declared he intends to do, we know for a fact inflation will rise. There is no shadow of doubt.
Kathryn
It was on fire when I laid down on it.
Well, I doubt I can change Trump's mind or his actions., so I will just wait and see what happens before I lose my mind. And then I will lose it. LOL