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1984X2024 said:
Yes, Trump and his tweets get results. Last week he attacked Canada for the digital tax and stopped trad talks and last night

Canada drops tax that targeted US tech firms
Click to expand...
The digital tax discussed was a Canadian federal tax. There appears to be nothing to stop the Canadian provinces (states) from extending their sales taxes to cover digital transactions. We'll see what transpires.
 
ll74 said:

https://economictimes.indiatimes.co...973-report/articleshow/122162348.cms?from=mdr​

US dollar's 10% fall in H1FY25 is its worst since 1973: Report - The Economic Times
Click to expand...
What was once considered a safe haven, the dollar is losing stature. The bond markets show the other side of the cost of f/x with higher rates trying to attract investors to buy American debt. If the big, beautiful bamboozle does pass with the levels of new debt, the US treasuries will rise. Good articles.
 
Job openings increased in May to 7.8 million from 7.4 million in April. ⭐️

Hires decreased from 5.6 million to 5.5 million.

The stable job market (combined with rising inflation) means there’s no reason for the Fed to lower rates.
 
Art Laffer schools the clueless:

‘It Just Doesn’t Affect Trade’: Economist Art Laffer Breaks Down Why Tariffs Aren’t Inflationary​


Mariane AngelaNews Reporter
June 30, 20257:34 PM ET

Economist Art Laffer explained on Fox Business Monday that tariffs do not drive inflation and said that the economic impact of import taxes is offset by corresponding price drops in exports.

On April 2, Trump announced reciprocal tariffs on several nations before declaring a 90-day “pause” on the tariffs days later. During an appearance on “Kudlow,” Laffer pushed back against claims that tariffs drive up inflation and explained his step-by-step case for why trade barriers don’t increase overall prices.

“Step one, tariffs on imports do raise the price of imports. But do remember that the U.S. exports to earn the wherewithal to buy imports from other countries. So if you have a tax on imports, it’s the exact same thing as a tax on export,” Laffer told guest host David Asman. “That’s called Lerner’s symmetry theorem, exactly the same. And, therefore, what happens is all of our exportable goods and services, their prices will fall. So the increase in prices of imports is matched 100% by the fall in the prices of exports. And the two net out to be zero.”

Laffer points to historic examples, such as the Nixon administration’s 10% surcharge, which led to a noticeable drop in inflation rates.

https://dailycaller.com/2025/06/30/art-laffer-inflation-trump-tariffs/
 
Rightguide said:
Art Laffer schools the clueless:

‘It Just Doesn’t Affect Trade’: Economist Art Laffer Breaks Down Why Tariffs Aren’t Inflationary​


Mariane AngelaNews Reporter
June 30, 20257:34 PM ET

Economist Art Laffer explained on Fox Business Monday that tariffs do not drive inflation and said that the economic impact of import taxes is offset by corresponding price drops in exports.

On April 2, Trump announced reciprocal tariffs on several nations before declaring a 90-day “pause” on the tariffs days later. During an appearance on “Kudlow,” Laffer pushed back against claims that tariffs drive up inflation and explained his step-by-step case for why trade barriers don’t increase overall prices.

“Step one, tariffs on imports do raise the price of imports. But do remember that the U.S. exports to earn the wherewithal to buy imports from other countries. So if you have a tax on imports, it’s the exact same thing as a tax on export,” Laffer told guest host David Asman. “That’s called Lerner’s symmetry theorem, exactly the same. And, therefore, what happens is all of our exportable goods and services, their prices will fall. So the increase in prices of imports is matched 100% by the fall in the prices of exports. And the two net out to be zero.”

Laffer points to historic examples, such as the Nixon administration’s 10% surcharge, which led to a noticeable drop in inflation rates.

https://dailycaller.com/2025/06/30/art-laffer-inflation-trump-tariffs/
Click to expand...
well, that's great but the american consumer still pays the tariff and not sure that laffer was on his meds when the interview was made. plus, your sources of information are biased and really lack credibility.

https://mediabiasfactcheck.com/daily-caller/
 
MajorRewrite said:
US gasoline prices have been slowly trending upward since December. It’s a very gradual trend.
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Prices are close to minimum to keep much of US capacity in profit. The Oil companies might like a nice messy war in Iran to drive prices up a tad. With the slow US dollar slide it's tricky to decide which is driving what.
 
The Golden Age seems to have been impacted - tariff effects starting to kick in. The next one should be worse and then we'll be officially in a recession

 
Canada's chief negotiator for the original NAFTA, John Weekes, doesn't think the White House claim that Canada 'caved' has had much impact on Ottawa's position in talks with the U.S., arguing President Donald Trump 'likes to show that he's humiliating the countries he's negotiating with.' Weekes argues the relationship could be at its most uncertain since the Second World War.

 
Rightguide said:
CNBC forced to admit Trump's tariffs have brought in over 121 billion.

https://rumble.com/v6vjzkl-cnbc-for...s-tariffs-have-brought-in-over-121-billi.html
Click to expand...
Who paid them? Sure wasn’t the other countries. We did… dumb ass. That’s how tariffs work. You act like china wrote a check to the treasury for 20 billion dollars. Price of food has gone up, cars up, gas up, we were supposed to be getting our house painted this month and they told us it would be almost a thousand more than the quote they gave us 3 months ago and they bumped us back until September because of changing paint suppliers due to price restructuring. It is what it is because I would rather get kicked in the nuts than paint so hopefully it happens in September but I am certainly not thrilled.
 
Rockymtnman said:
Who paid them? Sure wasn’t the other countries. We did… dumb ass. That’s how tariffs work. You act like china wrote a check to the treasury for 20 billion dollars. Price of food has gone up, cars up, gas up, we were supposed to be getting our house painted this month and they told us it would be almost a thousand more than the quote they gave us 3 months ago and they bumped us back until September because of changing paint suppliers due to price restructuring. It is what it is because I would rather get kicked in the nuts than paint so hopefully it happens in September but I am certainly not thrilled.
Click to expand...
Sounds like your painter is jerking you around.

Get another quote. If prices jumped it is reasonable to assume other jobs got droppped in that process. Consequently, you should be painting earlier rather than later. No shortage of paint in the specialty stores like Sherwin-Williams.
 
Rockymtnman said:
Who paid them? Sure wasn’t the other countries. We did… dumb ass. That’s how tariffs work. You act like china wrote a check to the treasury for 20 billion dollars. Price of food has gone up, cars up, gas up, we were supposed to be getting our house painted this month and they told us it would be almost a thousand more than the quote they gave us 3 months ago and they bumped us back until September because of changing paint suppliers due to price restructuring. It is what it is because I would rather get kicked in the nuts than paint so hopefully it happens in September but I am certainly not thrilled.
Click to expand...

You should call DonOld and let that corrupt, traitorous, orange POS know the "Executive Order" directing companies to not raise prices is being ignored…

😑

We. Told. Them. So.

🌷
 
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