- cross-posted to:
- news@lemmy.world
- cross-posted to:
- news@lemmy.world
The findings suggest U.S. consumers will continue to struggle with high prices — something Trump had promised to address in the run-up to his re-election.
Six months into Donald Trump’s unprecedented gambit to impose sizable tariffs on imports, U.S. consumers are already shouldering as much as 55% of their costs, according to a new report from Goldman Sachs analysts.
And with new tariffs likely on the way, the cost burden could rise even higher, they said.
The findings, released Sunday, suggest U.S. consumers will continue to struggle with high prices — something Trump had promised to address in the run-up to his re-election. While inflation rates have come down from the post-Covid peak, they have remained stuck above levels economists consider healthy, causing consumers and businesses alike to continue to report feeling burdened by price increases.
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It’s almost like Americans should have listened to every fucking economist in the country.
But Americans are stupid, so here we are.
Only 55%?
The large retailers were trying to hide the price increases initially.
Only? I would have expected them to take all, and a bit. Never let an opportunity to make some extra profit go to waste…
What childhood enemy of Trump’s is making kitchen cabinets and is now being punished?
The “National Security” implications of cabinetry are beyond me.
And 6 months from now, it will be the full cost. They’re just turning up the heat slowly enough that the frogs don’t notice the difference.
Who else would be bearing the costs? The government is profiting from them, foreign companies and individuals aren’t affected beyond a drop in purchasing power, and companies are just going to pass the costs on to the consumer.
I’m so broke rn that I’m rehoming most of my ducks. I’m only keeping 3 of the 8 that I have. I’ll save like $60/month on feed with a smaller flock. That money won’t go towards my savings, but to my mortgage payment which will go up by $40 starting in December.
Shit even your mortgages have import tariffs
Yep.
Fr tho, I think the issue is that my town is changing a lot of stuff and I think zoning is changing which is making property taxes go up. I’m pissed to say the least
Tell your employers and demand a raise to compensate. Pass the buck until someone in the finance sector gives a shit.
The employers are hoping to replace nearly everyone but those in the C suite with AI.
Ironically, only the C suite could be replaced with AI.
100% this. They are usually so formulaic and have such little creativity, that I really think boards should have started there, rather than with other jobs. The problem is that C suite types sit on each others’ boards…
“Hey boss, can I have more money?”
“No”
“Okay, bye”
Is the GOP play here to just keep manipulating the stock market with tariffs then remove them when the campaigns are in swing so they can say “look how we fixed the economy!!1!”
Which their base may or may not eat up depending on how bad their attention span are.
The other option is they have no plan and their just gonna keep grifting.
Whoa, are you saying not all companies were total loyalists to Taco and didn’t just eat the cost of his egotistical fantasies?
