Tariffs are Taxes

Grocery stores that have been eating the cost of tariffs are about to pump the brakes. Some are looking to be more transparent about the coming price hikes.

Starting tomorrow, new tariffs of 15% to 50% hit a wide range of food items.

If you’ve got a household food budget, this is a must-watch.

There is already a trade deal called USMCA/CUSMA. One side is blatantly violating the agreement with illegal declarations of national security emergencies.

Trump threatens 100 percent tariff on computer chips with a gigantic loophole Getting chipmakers to bend the knee.

Trump threatens 100 percent tariff on computer chips with a gigantic loophole

Ironically, Trump’s tariffs gives BRICS an opportunity to become a legitimate economic or trade group if they decide to unite in retaliation.

No rationale means Trump’s claim of economic emergency is illegitimate and most of the tariffs are illegal taxation.

There were changes made by Biden to steel and aluminum tariffs to make exemptions for imports from our allies. They didn’t lift the tariffs on China as it made sense to maintain an aggressive stance towards their unfair trade practices and they were already priced-in to import costs.

It’s tariffs. Anything from China is taxed 30%, from Vietnam taxed 20%, up from the prior administration.

It’s tariffs. Anything from China is taxed 30%, from Vietnam taxed 20%, up from the prior administration.

This is clearly due to tariffs and Nintendo wanting to protect profit margins. They made investments over the years to move much of their manufacturing to Vietnam, but are getting screwed anyway with additional 20% on imported hardware.

That’s crazy he was only 30 when directing super smash bros melee.

a timeline graph for tariffs

Finally updated the tariff calculations to incorporate the 50% copper tariffs, 40% tariff on Brazilian imports, and 5-31% tariff on imports from 94 countries that Trump has signed over the last 24 hours—overall tariff rates rise more than 2%, and are now 16% higher than pre-Trump

I wouldn’t go that far. They are enabling hatred by not forcefully condemning antisemitism by Musk and his wealthy ilk.

What consumers can expect from import taxes as the US sets new tariff rates American businesses and consumers are finding the contours of President Donald Trump’s foreign trade agenda taking shape.

Tariffs are a tax, and U.S. consumers are likely to foot at least part of that bill. Here’s what we know about the latest tariffs and what their impact will be for people's wallets.

Thank you for making this! It’s been my primary feed!

ROSENBERG, on Challenger layoff data:

“.. the number of firms attributing their layoffs to AI surged to 10.3k .. Layoffs from tariffs also exploded, with more for that reason (3.5k) in July than in the prior six months combined.

a map of Trump's new tariff rates

Here's what Trump's new tariff hikes look like—another 5% on major allies like the EU, Japan, & South Korea. Another 10% on large trading partners like India, Vietnam, & Canada. Some rather insane choices like 39% tariffs on Switzerland, 41% on Syria, and of course 50% on Brazil.

Worth remembering: The Constitution explicitly gives the power to set tariffs to Congress. They could stop this nonsense by the end of the day.

Not a lawyer, but makes my job feel more secure. This list is wild.

WASHINGTON (AP) — The Federal Reserve’s preferred inflation gauge ticked higher last month in a sign that President Donald Trump’s broad-based tariffs are starting to lift prices for many goods.

@apnews.com
apnews.com/article/infl...

Trump Ends Tariff Exemption For Small Packages Starting in September, US buyers on sites like Etsy and eBay may face higher tariffs on goods from abroad.

President Trump signed an executive order Wednesday to eliminate the so-called “de minimis” provision, making it pricier for Americans to buy foreign products on sites like eBay and Amazon and dealing another blow to the embattled ecommerce industry.

JPMORGAN, on today’s oral arguments in federal appeals court over the legality of “emergency” IEEPA tariffs:

A decision “could well turn both the August 1 deadline and the trade deals moot, followed by months of increased uncertainty .. the case is likely to be brought to the Supreme Court.”

Powell: "Increased tariffs are pushing up prices in some categories of goods. Near-term measures of inflation expectations have moved up on balance over the course of this year on news about tariffs."

Whatever happened to that threat to imposed tariffs on buyers of Venezuelan oil?

Are they going to have Congress make it law, maybe as a VAT? It’s not a bad idea, and much better than this lawless IEEPA emergency tariffs by decree plan.

This is why I think we don’t get a Direct until next week. I don’t think Nintendo wants to distract from earnings report, which is expected to be very good.

People are going to have to learn somehow that Americans will pay Trump’s tariffs.

Companies from Stanley Black & Decker to Conagra are saying tariffs will cost them hundreds of millions Businesses in a range of industries have raced to figure out how to handle rising costs in the middle of a shakeup in global trade policy.

Companies behind some of America’s best-known brands are warning that tariffs will raise costs by hundreds of millions of dollars as Friday’s key deadline nears.

It’s an abuse of power, abuse of the law. All of these tariffs are being implemented by emergency decree, even with countries we have trade surpluses with! We’re being taxed without the approval of Congress!

Trump had to make sure these generals are willing to follow illegal orders.

Trump's tariffs could soon bring higher food prices for some Americans, analysis finds President Donald Trump's blanket tariffs scheduled for Aug. 1 could bring higher prices on certain foods, economist says. Here's what to know.

President Donald Trump's blanket tariffs scheduled for Aug. 1 could bring higher prices on certain foods, economist says. Here's what to know.