Trump tariffs: ruin U.S. economy until 2040

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Lot of talk that Trump’s policies will be good for the economy.

Interesting paper here that runs the numbers.

It’s not good.

Be interested for a Trump voter to provide detail on how the Trump policy will improve our economy.


“We find that these steps would result in lower US national income, lower employment, and higher inflation than otherwise. In some cases, economic conditions recover over time, but in others the damage continues through 2040.

And despite Trump’s “America first” rhetoric, these policies would harm the US economy more than any other in the world, particularly trade-exposed sectors such as manufacturing and agriculture. In some cases, other countries would enjoy stronger economic growth than otherwise after receiving inflows of capital leaving the United States.”

https://www.piie.com/blogs/realtime-economics/2024/how-much-would-trumps-plans-deportations-tariffs-and-fed-damage-us

Shame Bessent and the rest of the “economic policy team” didn’t pay attention to the economists at the outset. He’s sadly mistaken in thinking that this is going to be easy to fix.

Bringing the tariffs down is wise, but Trump broke the trading system. It’s not a lever that he can just switch.

And does this mean the other tariffs will come down when it turns out we don’t have the factories to build stuff?

What a troop of idiots.


https://www.politico.com/news/2025/11/12/bessent-says-tariff-cuts-on-coffee-other-ag-products-coming-soon-00647644

U.S. Treasury Secretary Scott Bessent on Wednesday said the Trump administration will soon announce a broad package of agricultural tariff cuts.
“You’re going to see some substantial announcement over the next couple of days in terms of things we don’t grow here in the United States, coffee being one of them,” Bessent aid in an interview on Fox News. “Bananas, other fruits, things like that. So that will bring the prices down very quickly.”

They are also substantially lowering the tariffs on Swiss imports. Rolexes were getting too pricey for ICE Barbie and the rest of his inner circle, so they had to address it with this latest change. You really can’t make this stuff up

They also got Rolexes and gold bars for free.

This.
We live in a kleptocracy.
Also, this “rollback” will not lower prices.

[Anonymous]

Trump isn’t interested in helping MAGA or Americans in general. He is interested in personal gain, familial gain, and then friends and donors gain.

[Anonymous]

Costco has filed a lawsuit against the government. It’s seeking all the tariff money the company paid to the government. I think Costco is the first, and so far only, S&P 500 company to sue the government over the tariffs. More to follow now that the CEOs are beginning to see blood in the water.

[Anonymous]

^forgot to include source
https://www.nbcnews.com/news/amp/rcna246860

[Anonymous]

Anonymous wrote:Costco has filed a lawsuit against the government. It’s seeking all the tariff money the company paid to the government. I think Costco is the first, and so far only, S&P 500 company to sue the government over the tariffs. More to follow now that the CEOs are beginning to see blood in the water.

I love Costco, in more ways than one.

[Anonymous]

Anonymous wrote:Lot of talk that Trump’s policies will be good for the economy.

Interesting paper here that runs the numbers.

It’s not good.

Be interested for a Trump voter to provide detail on how the Trump policy will improve our economy.


“We find that these steps would result in lower US national income, lower employment, and higher inflation than otherwise. In some cases, economic conditions recover over time, but in others the damage continues through 2040.

And despite Trump’s “America first” rhetoric, these policies would harm the US economy more than any other in the world, particularly trade-exposed sectors such as manufacturing and agriculture. In some cases, other countries would enjoy stronger economic growth than otherwise after receiving inflows of capital leaving the United States.”

https://www.piie.com/blogs/realtime-economics/2024/how-much-would-trumps-plans-deportations-tariffs-and-fed-damage-us

This thread has not aged well at all.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Lot of talk that Trump’s policies will be good for the economy.

Interesting paper here that runs the numbers.

It’s not good.

Be interested for a Trump voter to provide detail on how the Trump policy will improve our economy.


“We find that these steps would result in lower US national income, lower employment, and higher inflation than otherwise. In some cases, economic conditions recover over time, but in others the damage continues through 2040.

And despite Trump’s “America first” rhetoric, these policies would harm the US economy more than any other in the world, particularly trade-exposed sectors such as manufacturing and agriculture. In some cases, other countries would enjoy stronger economic growth than otherwise after receiving inflows of capital leaving the United States.”

https://www.piie.com/blogs/realtime-economics/2024/how-much-would-trumps-plans-deportations-tariffs-and-fed-damage-us

This thread has not aged well at all.

Facts matter. Here’s what we have as of 1 December, 2025.

https://taxfoundation.org/research/all/federal/trump-tariffs-trade-war/


Key Findings

President Trump has imposed International Emergency Economic Powers Act (IEEPA) tariffs on US trading partners, including China, Canada, Mexico, and the EU. In addition, he has threatened and imposed Section 232 tariffs on autos, heavy trucks, steel, aluminum, lumber, furniture, semiconductors, pharmaceuticals, and copper, among others.
The Trump tariffs amount to an average tax increase per US household of $1,100 in 2025 and $1,400 in 2026.
Under the tariffs imposed and scheduled as of November 1, the weighted average applied tariff rate on all imports rises to 15.8 percent, and the average effective tariff rate, reflecting behavioral responses, rises to 11.2 percent—the highest average rate since 1943.

The Trump tariffs are the largest US tax increase as a percent of GDP (0.47 percent for 2025) since 1993.
Trump’s imposed tariffs will raise $2.1 trillion in revenue over the next decade on a conventional basis and reduce US GDP by 0.5 percent, all before foreign retaliation. Accounting for negative economic effects, the revenue raised by the tariffs falls to $1.6 trillion over the next decade. The Trump tariffs threaten to offset much of the economic benefits of the new tax cuts, while falling short of paying for them.

The US Supreme Court will soon decide whether the president’s emergency powers under IEEPA include the power to impose tariffs.

Historical evidence and recent studies show that tariffs are taxes that raise prices and reduce available quantities of goods and services for US businesses and consumers, resulting in lower income, reduced employment, and lower economic output.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Lot of talk that Trump’s policies will be good for the economy.

Interesting paper here that runs the numbers.

It’s not good.

Be interested for a Trump voter to provide detail on how the Trump policy will improve our economy.


“We find that these steps would result in lower US national income, lower employment, and higher inflation than otherwise. In some cases, economic conditions recover over time, but in others the damage continues through 2040.

And despite Trump’s “America first” rhetoric, these policies would harm the US economy more than any other in the world, particularly trade-exposed sectors such as manufacturing and agriculture. In some cases, other countries would enjoy stronger economic growth than otherwise after receiving inflows of capital leaving the United States.”

https://www.piie.com/blogs/realtime-economics/2024/how-much-would-trumps-plans-deportations-tariffs-and-fed-damage-us

This thread has not aged well at all.

Oh?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Lot of talk that Trump’s policies will be good for the economy.

Interesting paper here that runs the numbers.

It’s not good.

Be interested for a Trump voter to provide detail on how the Trump policy will improve our economy.


“We find that these steps would result in lower US national income, lower employment, and higher inflation than otherwise. In some cases, economic conditions recover over time, but in others the damage continues through 2040.

And despite Trump’s “America first” rhetoric, these policies would harm the US economy more than any other in the world, particularly trade-exposed sectors such as manufacturing and agriculture. In some cases, other countries would enjoy stronger economic growth than otherwise after receiving inflows of capital leaving the United States.”

https://www.piie.com/blogs/realtime-economics/2024/how-much-would-trumps-plans-deportations-tariffs-and-fed-damage-us

This thread has not aged well at all.

Wait, are you one of those people that thinks that prices have gone down, too?

[Anonymous]

Trump and Bessent are big fat grifting liars

[Anonymous]

Canned beans went from $1.29 to $1.39. Not a problem for me at all. But that’s still close to a 10% price increase due to the tariff on aluminum. As this multiplies across economic sectors it’s hard to see how inflation doesn’t continue.

This price jump just happened, so the triumphalism of the pro-tariff crowd might have been premature.

[Anonymous]

Anonymous wrote:Canned beans went from $1.29 to $1.39. Not a problem for me at all. But that’s still close to a 10% price increase due to the tariff on aluminum. As this multiplies across economic sectors it’s hard to see how inflation doesn’t continue.

This price jump just happened, so the triumphalism of the pro-tariff crowd might have been premature.

Beef prices have skyrocketed.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Canned beans went from $1.29 to $1.39. Not a problem for me at all. But that’s still close to a 10% price increase due to the tariff on aluminum. As this multiplies across economic sectors it’s hard to see how inflation doesn’t continue.

This price jump just happened, so the triumphalism of the pro-tariff crowd might have been premature.

Beef prices have skyrocketed.

expect it to go up more

https://www.yahoo.com/news/articles/flesh-eating-worm-mexico-squeezing-161040755.html

[Anonymous]

I get distilled water for my humidifier.

It went for $1.5 to $2.50 per in a year, and climbing.