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1000's of carveouts & caveats weaken Trump's Tariffs

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At least $1.7 trillion of imports are now excluded, either because they are duty-free or subject to another tariff.

 

President Donald Trump promised that a wave of emergency tariffs on nearly every nation would restore “fair” trade and jump-start the economy.

Eight months later, half of U.S. imports are avoiding those tariffs.

 

https://archive.ph/ZIB3n

 

Some very informative notes at the the conclusion of the article  idicate that 1.7 trillion is probably a conservative figure.

 

Must be exciting to be in the manufacturing business and not know from one day to the next what your input costs will be.

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One of the reasons, if not the main reason,  that Trump's tariffs haven't had as much of an effect on inflation as anticipated most likely is that, in effect, tariffs aren't nearly as high as they were touted to be.

9 minutes ago, Alan Zweibel said:

One of the reasons, if not the main reason,  that Trump's tariffs haven't had as much of an effect on inflation as anticipated most likely is that, in effect, tariffs aren't nearly as high as they were touted to be.

Or when Trump said his tariffs wouldn't cause inflation he was factually correct unlike the doom and gloom fake media who all attacked him on the false narrative Trumps big beautiful tariffs would cause inflation?

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2 minutes ago, SunnyinBangrak said:

Or when Trump said his tariffs wouldn't cause inflation he was factually correct unlike the doom and gloom fake media who all attacked him on the false narrative Trumps big beautiful tariffs would cause inflation?

The tariffs have caused inflation.

Fed's Powell says inflation overshoot caused by Trump tariffs

Federal Reserve Chair Jerome Powell said Wednesday that the current overshooting of the central bank's 2% inflation target is mostly the result of President Donald Trump's import tax hikes.
"It's really tariffs that are causing the most of the inflation overshoot," Powell said after the latest Fed meeting, reiterating his expectation the tariff impact on inflation is likely to be a "one-time price increase."
18 minutes ago, Alan Zweibel said:

One of the reasons, if not the main reason,  that Trump's tariffs haven't had as much of an effect on inflation as anticipated most likely is that, in effect,

Then 15 minutes later

 

2 minutes ago, Alan Zweibel said:

The tariffs have caused inflation.

Fed's Powell says inflation overshoot caused by Trump tariffs

In 15 minutes inflation went from being less than expected to more than expected. Really?🤣

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1000's of TACOS. No grown-up in charge. Elect a clown, expect a circus.

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24 minutes ago, SunnyinBangrak said:

Then 15 minutes later

 

In 15 minutes inflation went from being less than expected to more than expected. Really?🤣

What are you talking about?  Where did Powel say that Inflation was at the more than expected level? All he said that what inflation there was is due to tariffs. He said nothing about previous expectations.

8 hours ago, SunnyinBangrak said:

Or when Trump said his tariffs wouldn't cause inflation he was factually correct unlike the doom and gloom fake media who all attacked him on the false narrative Trumps big beautiful tariffs would cause inflation?

Ahhh steak is 20$ a effin pound I tryed to buy (3) 4 inch by 4 inch 3/16 inch pieces of steel to weld up a little bracket fixture I need,at industrial metal supply they wanted 21$ and change for those tiny pieces of steel…..all materials wood paint hardware are up bigly because of trumps tariff tax on us consumers…..everything is up that’s reality.

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