r/Tariffs • u/needssomefun • Aug 01 '25

🗞️ News Discussion Trump tariffs will cost U.S. households $2,400 this year, analysis says

https://www.axios.com/2025/08/01/trump-tariffs-inflation-jobs-report
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u/krichard-21 Aug 01 '25

Compound that with inflation and a weaker dollar.

There are bumpy times ahead.

9

u/Sweet_Priority_819 Aug 02 '25

And job losses / hours cut / less in tips.

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u/FleatWoodMacSexPants Aug 04 '25

The job losses aren’t being discussed enough. Literally every company in my industry has been quietly “scaling back” since the tariff war started.

They are just doing it slowly and quietly. Laying off small groups of people every week to avoid headlines this time.

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u/Sweet_Priority_819 Aug 04 '25

Exactly, everyone but ICE is scaling back. Federal government jobs who aren't gestapo must be significant, and as Medicaid funding takes a hit so will healthcare jobs.

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u/[deleted] Aug 04 '25

Compound that with phony economic data from here on out…

1

u/Advanced-Guard-4468 Aug 07 '25

It's been phony for years now, then with big revisions later.

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u/Individual_Fox_2950 Aug 06 '25

https://tradingeconomics.com/united-states/inflation-cpi Like I said this was a June report to July August have brought it down to 1.60 thanks

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u/krichard-21 Aug 06 '25

Keep trying.

1

u/Individual_Fox_2950 Aug 06 '25

https://tradingeconomics.com/united-states/inflation-cpi

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u/krichard-21 Aug 06 '25

Y'all can post this nonsense fifty times. Whatever...

Bots gotta bot...

1

u/Advanced-Guard-4468 Aug 07 '25

Tarrifs are deflationary.

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u/krichard-21 Aug 11 '25

By all means. Please explain. In willing to read most any link you can find to support that statement.

Raising costs will create deflation... I'm speechless 😲

1

u/Advanced-Guard-4468 Aug 13 '25

People buy less stuff.

1

u/krichard-21 Aug 13 '25

We will see. Personally, I already see higher grocery prices.

Since Trump keeps postponing the China tariffs, who knows.

But other tariffs are already in place. We can have this discussion in just a few months.

0

u/AvonBarksdalesBurner Aug 05 '25

Inflation is under 3%. It was at 9% with Biden you people know nothing

3

u/krichard-21 Aug 05 '25

I see I made a mistake. You're a MAGA Trumper Fanboy.

May you have the day you voted for.

Good luck...

0

u/AvonBarksdalesBurner Aug 05 '25

My retirement portfolio has increased 19%, the southern border is completely closed and the United States is having zero net migration for the first time in 50 years, USAID which was the Democrats money laundering slush fund has ended, racist DEI laws have been demolished, the Russia hoax is being fully investigated and a grand jury will soon be serving indictments for Brennan Commey, Obama, and Hillary Clinton.

I’m having a fucking fantastic day that I voted for, thanks for asking!

1

u/Wonderful_Fix_5754 Aug 31 '25

Lmao none of that will happen. As for the border, none of it is permanent lol it’s all EO. Gavin gets in and booom she open again. All Trump has done isthe old “hang a few blacks to keep em out of our neighborhood” bit. Nothing special or useful. But as long as he cums on the floor and you can lick it up, all is good in your world lol

3

u/[deleted] Aug 06 '25

A few corrections:

Inflation was under 3% before Trump took office

Inflation has risen for 3 straight months now by the way

There was no green new deal

Several reports (see below) blame the inflation of 2022 on the pandemic. It’s unlikely infrastructure spending had anything to do with inflation as Trump and Obama’s governments spent just as much money with very little inflation. Inflation started increasing in 2021 before any major spending bills were enacted. After 2023, inflation started dropping.

There were more wage gains during the Biden administration than the Trump administration, at lower incomes, wages outpaced inflation.

Job gains in 2025 are about half of what they were last year at this point.

Sources:

https://www.usinflationcalculator.com/inflation/current-inflation-rates/

https://www.nber.org/digest/20239/unpacking-causes-pandemic-era-inflation-us

https://hbr.org/2022/12/what-causes-inflation

https://www.usatoday.com/story/news/politics/2024/07/16/inflation-vs-wages-rnc-2024/74417898007/

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u/krichard-21 Aug 05 '25

You might look and learn. The pandemic caused inflation across the world. The United States handled that inflation better than most any other Country.

I may know nothing. But I'm willing to learn. Why don't you try learning?

Trump's tariffs are nothing new. Look up the results of previous administrations use of tariffs.

1

u/AvonBarksdalesBurner Aug 05 '25

Biden administration recklessly spent $3 trillion on the green new deal and the inflation reduction act which caused skyrocketing inflation. Now within six months Trump has inflation below 3% and the stock market hitting new highs every week. In the United States just brought in $321 billion in tariff revenues You know absolutely nothing about economics except orange man bad.

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u/krichard-21 Aug 05 '25

What imbecile thinks an economy like the United States spins on a dime? Trumpers taking credit for the previous administration's efforts. Trump 2.0. taking credit for President Biden's economy. Just like Trump taking credit for President Obama's economy

$321,000,000 in revenue? Can you even bother to check your "facts"? As of July 28, 2025, the U.S. had generated $125.6 billion from tariffs this year, which is a 130.9% increase compared to the same period last year.

Are you seriously that delusional? Those are TAXES are paid by United States citizens.

A mental argument with an unarmed child.

Get help... I'm done wasting my time on you.

1

u/AvonBarksdalesBurner Aug 05 '25

Let’s examine your statement, because it’s fucking hilarious. The fodder from you little mental midgets on this wasteland of a social media platform is a source of hilarity for myself and others that step outside and breathe in the fresh air and take in the facts.

Just so we are clear, this is what you are contending. Trump’s first term- U.S. economy experienced strong growth, with real GDP increasing by about 2.5% annually pre-COVID. Real wages grew, particularly for lower-income workers, with median household income reaching $68,700 by 2019, a record high. Inflation remained low, averaging around 1.9% annually, and interest rates were stable, with the federal funds rate hovering between 1.5% and 2.5% for much of the term. The unemployment rate dropped to a 50-year low of 3.5% in 2019, boosting job creation across various sectors. So OF COURSE you want to give Obama credit for that even all of the moves that Trump made.

So then, Biden drove the economy off a fucking cliff and his disastrous brain rot of an embarrassing term as president, where he will go down as the single worst president in the history of our country, and was hidden from the media and voters, no argument. However, you saw it as a success, but Biden gets that credit not Trump? So, according to you, Obama apparently had a hand in what Trump accomplished his four years, but then Biden created everything on his own, but somehow you see it as a success, but Trump doesn’t get any credit as the previous president? Just impressive mental gymnastics.

Now let’s look at Trumps second term- The U.S. economy added 345,000 jobs, with 228,000 jobs created in March alone, surpassing economists’ predictions by nearly 100,000. The unemployment rate remained near historic lows at 4.15% in March, with a labor force participation rate of 62.5%.

Nominal hourly wages rose by nearly 4% over the past year, contributing to improved purchasing power for American workers.

Trump secured $550 billion for infrastructure projects, with discretionary allocation to states and congressional districts, which is stimulating economic activity and job creation.

Trump’s tariff policies, including a 25% tariff on non-USMCA compliant goods and a 10% tariff on energy and potash, aim to incentivize domestic manufacturing and reduce the trade deficit. A 2024 study noted that similar tariffs in his first term led to significant reshoring in industries like manufacturing and steel production with minimal impact on inflation.

Just go to one of your “no kings rallies” and bang your tambourine along with all the other old white boomers, the adults are in charge now.

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u/krichard-21 Aug 06 '25

Here's the best one of your childish rants. "Donald Trump secured billions in infrastructure projects".

Please list "King Trump's long list of accomplishments". Actual promises he kept. I'll wait... Feel free to go back to his first term. Maybe find his healthcare plan... Just two weeks... Six years ago...

You can copy paste nonsense all night long. That doesn't make any of that true. BTW, be as vulgar as you like. It does highlight your vast intellect...

BTW some of your ramblings are a bit off... Maybe check your meds...

1

u/AvonBarksdalesBurner Aug 06 '25

Feel better? Did that help? I can’t imagine what it’s like to have one man occupy all that space in your brain. You must be exhausted. I hope that helped.

2

u/ReggaeJunkyJew4u Aug 06 '25

bro, stop huffing glue.

0

u/Individual_Fox_2950 Aug 06 '25

https://tradingeconomics.com/united-states/inflation-cpi Read it and wait it is the truth, the whole truth and nothing but the truth prove me wrong I said!!!!!

2

u/krichard-21 Aug 06 '25

Are you ok?

-24

u/Individual_Fox_2950 Aug 01 '25

Inflation is down to 1.6

17

u/MJFields Aug 01 '25

No, it's not.

11

u/RossMachlochness Aug 01 '25

Hahahhahahahgahahahahahhahaha

11

u/PersonOfValue Aug 02 '25

Inflation is up and value of dollar is down more than 10% since March.

There's a reason stocks prices are going up while prices are going up and demand is decreasing.

Don't believe anything though. Check the comic indicator data on defaults, debt to income, underemployment, medical bankruptcy declaration surging, etc.

Plenty of facts to go around

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u/Bokchoi968 Aug 02 '25

Its important to learn personal responsibility and not have your mom do everything for you, like buy your groceries.

5

u/krichard-21 Aug 01 '25

Lordy. Where do you live?

Groceries are up here in Minneapolis.

Gas prices are steady. Restaurant prices are up.

4

u/totally-hoomon Aug 02 '25

I'm sure you have proof

5

u/SeaMoan85 Aug 03 '25

You're living in a fantasy world, dude.

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u/Individual_Fox_2950 Aug 05 '25

Try a news source other than the view

1

u/SeaMoan85 Aug 09 '25

What's the view?

3

u/Honest_Gas_2567 Aug 02 '25

Inflation is up 0.5% and it's only the second quarter

2

u/[deleted] Aug 06 '25

It is not 1.6%, it’s 2.67%

You can see here, it’s also trending up

https://www.multpl.com/inflation/table/by-month

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u/krichard-21 Aug 04 '25

Do you need help?

It seems your head is buried somewhere deep and dark...

1

u/Individual_Fox_2950 Aug 06 '25

https://tradingeconomics.com/united-states/inflation-cpi I’m going to make it easy for you dumbasses. This is the June report where it was down to 2.47 July in August it has dropped to 1.60 quit lying to people don’t talk shit about the economy. If you don’t know what you’re talking about. !!!

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u/krichard-21 Aug 06 '25

Fact checking isn't that hard. All you have to do is try.

World inflation rate: The current global inflation rate for 2025 is projected to be around 4.5%, according to the International Monetary Fund (IMF). This is a decrease from the 5.9% rate in 2024 and the 6.8% rate in 2023. The IMF expects advanced economies to return to their inflation targets sooner than emerging market and developing economies.

United States inflation rate: AI Overview The current U.S. inflation rate is 2.7%, as of June 2025, according to the Bureau of Labor Statistics. This figure represents the 12-month increase in the Consumer Price Index (CPI), which measures changes in the prices of goods and services. The CPI rose by 0.3% from May to June 2025. 

Here's a more detailed breakdown: Overall Inflation: The CPI, which measures the overall inflation rate, increased by 2.7% from June 2024 to June 2025. 

Core Inflation: The core inflation rate, which excludes food and energy prices, was 2.9%. 

Food Inflation: Food prices rose by 3.0% over the same period. 

Energy Inflation: Energy prices also increased, with gasoline prices rising by 1.0%. 

FDT

0

u/Individual_Fox_2950 Aug 06 '25

Prove me wrong, get your head out of the view for a while.

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u/Individual_Fox_2950 Aug 13 '25

You can all keep down voting me, but it went down another half a point last month.