Tariffs in the second Trump Administration [SPLIT]

[rareboy]

And it took less than a day for Bezos to cave.

 

[rareboy]

 

[rareboy]

 

[rareboy]

 

[rareboy]

Yet Trump lies and says the economy is booming.

The US economy shrank in the first three months of Donald Trump’s second term as the president sought to roll out an aggressive trade strategy, claiming that sweeping tariffs on the world would strengthen the US economy.

Gross domestic product (GDP), a key measure of overall growth in the US economy, fell by 0.3% in the first quarter of the year, down from 2.4% in the last quarter of 2024. The contraction – the first since the start of 2022 – puts the US on the brink of a technical recession, defined by two quarters of negative growth.

US economy shrinks in first quarter of Trump 2.0 amid sweeping tariffs

Drop comes amid a huge fall in consumer sentiment which in April dropped 32% to its lowest level since the 1990 recession

www.theguardian.com

The MAGAt recession.

 

[rareboy]

And typically...Trump disavows any responsibility.

 

[rareboy]

 

[rareboy]

 

[rareboy]

I wonder how much money the auto companies have personally funnelled to Trump to get this concession.

OR are his dumb fuck stooges finally realizing that they could literally destroy auto sales in the US?

 

[rareboy]

And typically...Trump disavows any responsibility.

 

[KaraBulut]

Peter Navarro was out on the White House lawn today trying to do his voodoo economic BS... the economy is great, blah blah... trying to cover up the weak economic reports today.

 

[Norri]

Rarely, if ever, has a economic slowdown and stock market drop been so easily attributed to one very stupid man.

 

[fallsguy]

 

[cityboy-stl]

 

[Thad1527]

US consumers may find shortages of some goods as soon as May 10 - and probably more as summer approaches.

Expert Reveals Exact Date to Expect Empty Shelves in Stores

With the new U.S. tariffs, imports to the U.S. are sharply down, which will likely lead to shortages.

www.mensjournal.com

 

[cityboy-stl]

US consumers may find shortages of some goods as soon as May 10 - and probably more as summer approaches.

Expert Reveals Exact Date to Expect Empty Shelves in Stores

With the new U.S. tariffs, imports to the U.S. are sharply down, which will likely lead to shortages.

www.mensjournal.com

I hope stores put up signs saying "We are experiencing shortages of these products due to President Trump's tariffs."

 

[KaraBulut]

The Murdoch owned Wall Street Journal isn't having any of Trump's lies:

https://www.wsj.com/opinion/first-quarter-gdp-economy-tariffs-donald-trump-trade-policy-ee60db88

Tariffs Shrink the U.S. Economy​

Trade disruptions are behind the decline in first-quarter GDP.​

The first-quarter decline in the U.S. economy reported Wednesday may not portend a recession, but it was worse than most economists expected. The main story we see throughout the data is that President Trump’s tariffs are holding growth hostage.

Gross domestic product shrank 0.3% in the first estimate by the Bureau of Economic Analysis, and most of the damage came from soaring imports. Imported goods and services rose 41.3% in the quarter—goods alone by 50.9%—as businesses rushed to get ahead of Mr. Trump’s various border taxes. Imports subtracted a startling 5.03% from GDP.

This shows how tariffs distorted the data and make it hard to judge if the first quarter is a trend or an outlier.

Economists are starting to use the word that killed the single-term presidency of Gerald Ford and Jimmy Carter: stagflation.

 

[rareboy]

 

[rareboy]

It's liberation day.

https://www.cnn.com/2025/05/01/business/ports-shelves-tariffs-shipping

 

[rareboy]