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#prices

1 post1 participant0 posts today

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
reuters.com/world/us/trump-tel

This is a man who has never fed himself.

He’s been weird about this for months.

#Trump: "I inherited a groceries situation. The groceries went way up. An old fashioned word, but it's a very descriptive word."

What is he talking about?

They are literally called #grocery stores, everyone who doesn’t have butlers, maids, & chefs uses the word #groceries.

Replied in thread

DOGE’s Cuts at the #USDA Could Cause US Grocery Prices to Rise & Invasive Species to Spread

Thousands of #US Dept of #Agriculture employees, including food inspectors & disease-sniffing #dog trainers, remain out of work, leaving food to rot in ports & pests to proliferate.
wired.com/story/usda-food-supp

"the losses could cause #food to go rotten... even higher grocery #prices... potentially devastating invasive species getting into the country."

#Musk#Doge#Trump
Continued thread

"President Trump inherited an economy that was, by most conventional measures, firing on all cylinders. Wages, consumer spending and corporate profits were rising. Unemployment was low. The inflation rate, though higher than normal, was falling.

Just weeks into Mr. Trump’s term, the outlook is gloomier."

~ Ben Casselman and Colby Smith

#Musk #Trump #economy #tariffs #recession #workers #firings #inflation #prices
/7

nytimes.com/2025/03/07/busines

Economic analysts have scaled back their forecasts because of President Trump’s policies and the uncertainty they have created.
The New York Times · Trump’s Policies Have Shaken a Once-Solid Economic OutlookBy Ben Casselman
Continued thread

"Trump’s tariffs are a petulant and ill-advised bargaining tactic that will impact every American and could push us into recession.

Gasoline, strawberries, smartphones, nails — all will cost more. And If you are thinking of buying a new car, the post-tariff price of many models just skyrocketed. The average new car costs just under $50,000. Trump’s tariffs will add $12,500 to the sticker."

#Musk #Trump #economy #tariffs #recession #workers #firings #inflation #prices
/5

Continued thread

"If Trump had done nothing about the economy, we’d be in better shape than we are now. Before he came to power, unemployment was low, inflation was finally coming down, and the stock market was hitting record highs. But he hasn’t done nothing. Trump has started a trade war. The stock market is reeling. Canada and Mexico, our two biggest trading partners, are seething."

~ Dan Rather

#Musk #Trump #economy #tariffs #recession #workers #firings #inflation #prices
/4

steady.substack.com/p/chaos-co

Steady · Chaos CompoundedBy Dan Rather
Continued thread

"This week’s data on consumer confidence showed it down to a level last seen in 2021. ...

Trump has put the economy in peril, which will cause widespread pain. Yet nothing galvanizes public outrage more than a poor economy."

~ Robert Reich

#Musk #Trump #economy #tariffs #recession #workers #firings #inflation #prices
/3

robertreich.substack.com/p/thi

Robert Reich · More reasons for modest optimismBy Robert Reich
Continued thread

"The stock market has dropped dramatically over the past three days owing to both the tariffs and the uncertainty over their implementation. But Trump denied his abrupt change had anything to do with the stock market.

'I’m not even looking at the market,' Trump said, 'because long term, the United States will be very strong with what’s happening.'”

~ Heather Cox Richardson

#Musk #Trump #economy #tariffs #recession #workers #firings #inflation #prices
/2

heathercoxrichardson.substack.

Letters from an American · March 6, 2025By Heather Cox Richardson

"Stocks tumble as fallout from Trump tariffs roils markets

A selloff on Thursday erased some of the gains a day earlier.

The selloff erased some of the market gains delivered a day earlier after President Donald Trump gave U.S. automakers a one-month reprieve from the tariffs. Duties on a host of other goods remained in place, however."

~ Max Zahn

#Musk #Trump #economy #tariffs #recession #workers #firings #inflation #prices
/1

abcnews.go.com/Business/stocks

ABC News · Trump pauses tariffs for some Canadian and Mexican goodsBy Max Zahn
Continued thread

“'All told, for example, the prices of computers and electronic goods are estimated to rise by more than 10%, clothes by 7.5% and cars by 6.1%,' former car czar Steven Rattner explained. 'The CEO of Target has said that produce prices (we get a lot from Mexico) could rise in the next several days. The CEO of Ford has said that tariffs would ‘blow a hole’ in the auto industry.'”

~ Jen Rubin

#Trump #economy #inflation #prices #tariffs #PriceofEggs
/14

contrarian.substack.com/p/trum

The Contrarian · Trump's Economic TrainwreckBy Jennifer Rubin
Continued thread

As Sarah Longwell, Tim Miller, and Jonathan V. Last note, Trump campaigned by harping on the economy and inflation, to gin up anger among potential voters, then dropped the subject like a hot potato. Because he cannot bring prices down, never intended to do so, and has no plan to do so. His interest is in encriching himself and cronies.

But voters willingly drank the Kool-Aid.

#Trump #economy #inflation #prices #tariffs #PriceofEggs
/13

youtube.com/watch?v=a_3Na_QjMn

Continued thread

Meanwhile:

"Higher prices have been the dominant issue for the last few years and concerns aren’t going anywhere. Instead of fighting to lower prices, Trump raised costs. This was his decision and his decision alone. Any fair-minded analyst will call nonsense."

~ Dan Pfeiffer

#Trump #economy #inflation #prices #tariffs #PriceofEggs
/12

messageboxnews.com/p/how-to-wi

The Message Box · How to Win the Message War on TariffsBy Dan Pfeiffer
Continued thread

#trading data & economic studies suggest #consumers in the #US will see higher #prices on a products from vegetables & meat to cellphones & cars. While a few companies may not pass on the cost of the #tariff, many are likely to raise prices on their products.
“Because of the combination of these 3 countries, it’s going to be difficult to go down an aisle of a grocery store & not see some sort of inflationary effect,” said Jason Miller, a prof of #SupplyChain management at Michigan State.
#Trump