Walmart will get their money back and continue on most likely without lowering all of the items that went up because of the tariffs.
"Auto plants are all coming back to our country. They're coming back from different countries where they left us for Germany and Japan and South Korea, Canada, Mexico. And they're all coming back at levels that nobody has ever seen before. Tariffs did it. I did it."
pricing is often a one way ratchet
Section 122 tariffs struck down in the Federal Court of International Trade
https://www.cit.uscourts.gov/sites/cit/files/26-47.pdfAccepting as true every factual statement in Proclamation No. 11012, the surcharge imposed by the Proclamation rests on the existence of a large trade deficit, a current account deficit, a negative net international investment position, and a deficit on the balance on primary and secondary income (which are part of the current account). Proclamation No. 11012
The Proclamation asserts that “the United States runs a trade deficit, does not currently make a net income from the capital and labor that it deploys abroad, and experiences more transfer payments, on net, flowing out of the country than into the country.” Id. ¶ 7. Nowhere does Proclamation No. 11012 identify balance-of-payments deficits within the meaning of Section 122 as it was enacted in 1974. See generally Proclamation No. 11012. Because the Proclamation’s use of trade and current account deficits to stand in the place of balance-of-payment deficits within the meaning of the statute renders the Proclamation ultra vires, the court need not reach the arguments of whether Section 122 requires the identification of “fundamental international payments problems” or whether the exemptions provided in the Proclamation are lawful. See Trump v. Hawaii, 585 U.S. 667, 703 (2018) (requiring a “facially legitimate and bona fide” reason for Executive action (citation omitted)). Proclamation No. 11012 is invalid, and the tariffs imposed on Plaintiffs are unauthorized by law.38
tariffs and Trump's war of choice ed up Whirlpool
when Trump laid the tariffs, the cost of industrial inputs went up
https://www.theguardian.com/business...s-iran-tariffsThis week, however, the company said that revenue dropped nearly 10% in its most recent quarter and sales of major appliances in North America tumbled 7%.
Whirlpool announced a 10% price hike in April, its largest in a decade, and said that a separate 4% price increase will happen in July to address “multiyear inflationary cost pressures”.
The company had absorbed the higher costs, choosing not to pass them on to customers, but that must change after the company posted a first quarter loss of $82m, reversing last year’s gains.
Marc Bitzer, the CEO, said on Thursday that the North American slide in sales has a precedent.
“This level of industry decline is similar to what we have observed during the global financial crisis and even higher than during other recessionary periods,” he said during a conference call.
Whirlpool said that its performance had been affected by the supreme court’s recent decision to strike down Trump’s emergency tariffs. Rival appliance makers are seeking refunds to reduce the impact of those tariffs, disrupting pricing in the industry further.
I guess they have to be murdered by Trump s.
Oh well.
TARIFFS WORK!
https://x.com/WSJ/status/2053869395550572926
https://www.cnbc.com/2026/05/12/cpi-...ril-2026-.htmlConsumer prices rose 3.8% annually in April, the highest since May 2023
Prices that consumers pay for a wide range of goods and services increased at a faster-than-expected pace in April, as another burst in energy prices raised further concerns about inflation’s impact on the U.S. economy.
The consumer price index rose at a seasonally adjusted 0.6% for the month, putting the one-year pace at 3.8%, the Bureau of Labor Statistics reported Tuesday. The monthly rate was as forecast, but the annual rate was 0.1 percentage point above the Dow Jones consensus.
Excluding food and energy, the core CPI increased 0.4% and 2.8%, respectively, keeping inflation well above the Federal Reserve’s 2% goal as the monthly rate was the highest since January 2025. Fed officials consider core a better indicator of longer-term inflation trends.
The annual headline inflation rate was the highest since May 2023 and was up half a percentage point from March. Core inflation rose 0.2 percentage point annually.
...
The report also contained bad news for workers, as real average hourly wages slipped 0.5% for the month and fell 0.3% annually.
Stock market futures were negative following the report while Treasury yields were higher. Traders also raised the odds for a Fed rate hike by the end of the year to about 30%, according to CME Group data.
“Inflation is the key drag on the U.S. economy now,” said Heather Long, chief economist at Navy Federal Credit Union. “This is hurting Americans. There is a real financial squeeze underway. For the first time in three years, inflation is eating up all wage gains. This is a setback for middle-class and lower-income households and they know it.”
...
https://www.wantedinrome.com/news/it...-it-seems.htmlItaly Ditches Boeing and Buys Airbus. The Decision Says More Than It Seems
After fifteen years of flying Boeing tankers, Italy has signed a €1.39 billion contract with Airbus for six A330 MRTT multi-role tanker transport aircraft. The contract was signed on 16 April 2026 and made public through the EU's TED procurement portal on 19 May. It is the largest single defence aviation purchase Italy has made in years, and the political symbolism is impossible to miss.
...
The KC-46 Pegasus has had a troubled development history. An Accident Investigation Board report released in August 2025 do ented $23 million of damage caused by the aircraft's refuelling boom nozzle binding to receiving aircraft in three separate incidents. The aircraft's Remote Vision System suffered from image distortion, poor depth perception and sensitivity to dynamic lighting, issues serious enough that the US Air Force restricted certain refuelling profiles at night or in challenging light conditions. Boeing flew an overhauled RVS 2.0 for the first time only in November 2025, beginning a testing phase aimed at resolving the tanker's long-standing technical problems.
Technical reliability was one reason. The geopolitical context was another. Italy's decision to cancel the Boeing contract in 2024 coincided with a broader European reassessment of defence procurement dependency on American suppliers, accelerated by the Trump administration's unpredictable stance toward NATO allies.
...
request for stay, denied in the Court of International Trade
https://www.jdsupra.com/legalnews/co...enies-2224933/On May 20, 2026, the U.S. Court of International Trade (CIT) denied the Government’s request to pause the CIT’s May 7 ruling during the appeals process. For now, Section 122 duties remain unlawful, and U.S. Customs & Border Protection (CBP) cannot collect Section 122 duties from plaintiffs Burlap & Barrel, Basic Fun, and the State of Washington.
Trump laid taxes on us all illegally, by decree, and we're still paying the price
https://www.publicnotice.co/p/trump-tariff-refundsBut unfortunately for American workers and consumers, winding down this fiscal fiasco results in a lose-lose-lose situation:
- First, most Americans will never be reimbursed for what were effectively temporary sales taxes they paid for various imports, nor will they receive the public benefit of having those sums spent on government programs or projects.
- Second, because it is logistically easier to reimburse the American companies that directly paid the tariffs, some corporations may enjoy windfall refund profits — presuming, that is, those companies did not go bankrupt.
- Finally, the surviving businesses and the employees who still work for them — hundreds of thousands of workers were laid off because of the tariffs — will for the foreseeable future continue to suffer because foreign countries, companies, and citizens quite rationally retaliated against Trump’s policies.
https://www.cnbc.com/2026/05/27/chin...ts-growth.htmlChina industrial profits jump 24.7% in April, fastest gain in over two years despite headwinds
BEIJING — China’s industrial profits surged by 24.7% in April from a year earlier, according to official data released Wednesday, despite broader signs of slowing economic momentum.
The increase marked the fastest growth since November 2023, according to financial data provider Wind Information, and accelerated from a 15.8% rise in March.
For the first four months of the year, industrial profits rose 18.2%, up from 15.5% growth in the first quarter. Computing and electronics equipment manufacturing, the largest sector by profit amount, saw earnings more than double from a year ago, although the pace slowed slightly in April from March on a year-to-date basis.
...
China reported slower economic growth in April, with a 4.1% increase in industrial output and a 0.2% rise in retail sales from a year ago. Fixed asset investment fell for the first four months of the year as the real estate drag steepened.
Exports remained strong, climbing 14.1% in April from a year ago in U.S. dollar terms. Imports surged by 25.3%, data released earlier in May showed.
The producer price index in April jumped 2.8% from a year ago, the most since July 2022.
inflation would probably be near the Fed target right now but for Trump's illegal tariffs (plus war of choice)
Last edited by Winehole23; 1 Week Ago at 03:20 PM.
https://financialpost.com/commoditie...-arrive-canadaFirst Chinese-made EVs arrive in Canada under deal Carney struck with Xi
Chinese-made electric vehicles are beginning to arrive in Canada under a new arrangement that Prime Minister Mark Carney agreed to in January during a visit with China’s President Xi Jinping.
Article content
The cars will be the first to be imported by Canada under a deal that allows as many as 49,000 Chinese EVs in a 12-month period at a tariff rate of around 6 per cent. Prior to this year, Canada had a tariff of more than 100 per cent on those products, effectively shutting them out.
In recent days, hundreds of Tesla Inc. cars made at the U.S. automaker’s Shanghai factory have started to show up under the new low-tariff regime, according to a person familiar with the matter, asking not to be identified because they are not authorized to speak publicly.
Article content
A vehicle carrier called Glovis Treasure with cargo including a small number of Chinese-made Lotus luxury brand cars has been moored outside the Port of Vancouver since Sunday. The ship departed Shanghai in early May, according to shipping data compiled by Bloomberg.
Article content
The Canada-China deal will be closely watched by U.S. automakers, which have historically held a dominating position in the Canadian market. Executives including General Motors Co. chief executive Mary Barra have questioned the Carney government’s decision to ease barriers to Chinese electric cars.
...
https://www.bloomberg.com/opinion/ar...-and-you-againhas largely centered on two options: Either companies would pass on .. or ‘eat’ the tariffs .. Now we know that there was a third option: Pass on some of the costs and pay for the remainder by suppressing wages .
wasn't raising tariffs supposed to do this in the first place?
ever the skinflint, Trump tries to welsh on the refunds for his 100% illegally imposed tariffs
buff.ly/f7GXB1mDOJ is pursuing two appeals - the first broadly challenges a judge's authority to order refunds for finalized Trump tariffs struck by SCOTUS if the importer (there are ~300,000+) didn't file a lawsuit. Second contests judge's order compelling CBP head to testify
the thing about not impeaching presidents who break the law is that they will keep breaking it
Trump has a mania for raising taxes by decree
https://reason.com/volokh/2026/06/03...n-301-tariffs/Last night, the Trump Administration revealed plans to use Section 301 of the Trade Act of 1974 to impose massive new tariffs on imports from some 60 countries around the world, under the pretext that this is necessary to combat their importation of goods that use forced labor:
The Trump administration has taken a key step toward rebuilding a tariff wall around the U.S. economy, announcing new restrictions on goods from 60 trading partners that U.S. officials say lack sufficient prohibitions on the use of forced labor.
Under the plan, goods from nations that the U.S. says have not banned forced labor, including China, India, Britain and Japan, will face 12.5 percent tariffs. Goods from the European Union, Canada, Mexico and other nations that the U.S. says have failed to enforce bans will face 10 percent levies, the administration said in a late-night announcement Tuesday.While he's relying on a different statute, the tariffs Trump plans to impose here seem very similar to the 10% Section 122 tariffs recently invalidated by the US Court of International Trade, and the International Emergency Economic Powers Act (IEEPA) tariffs struck down by the Supreme Court in February, in a case I helped bring. The tariff rates (10-12.5%) are similar and so are the various exemptions outlined by the administration.
In addition, I am extremely skeptical of the claim that all of these sixty countries - including numerous affluent liberal democracies - are actually more lax about importing goods produced by forced labor than the US is. And if forced labor were really the concern, there would be no reason to impose massive tariffs on virtually all imports from those nations, even though the vast majority of those goods have little or no connection to forced labor. It sure looks like the forced labor issue is just a pretext for large-scale protectionism of the same kind courts blocked earlier. This looks like yet another presidential power grab seeking to usurp Congress' authority over tariffs, granted by Article I of the Cons ution.
correlation is not necessarily not causation
Trump mashed two buttons that made prices go up
global tariffs and war with Iran
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