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It's pretty simple like that. Impose tariffs, consumers pay more.
If you want to say "America is making money out of these tariffs" then it's basically just circling back to taxing average Joe instead of Donald billionaire.
But they still will proclaim a 55% tariff victory.
It's pretty simple like that. Impose tariffs, consumers pay more.
If you want to say "America is making money out of these tariffs" then it's basically just circling back to taxing average Joe instead of Donald billionaire.
https://www.ft.com/content/28fd4e9a-...5-8126f81b8a2dAmerican travel demand declines as US consumers cut costs
...
Prices for airline tickets and hotel accommodation also dropped on a seasonally adjusted basis between April and May, according to figures published by the Bureau of Labor Statistics on Wednesday. Operators said it had been increasingly difficult to fill rooms, as President Donald Trump’s trade war stokes fears of inflation and unemployment.
“The uncertainty in the environment is creating cautionary behaviours from guests,” Joan Bottarini, chief financial officer at hotel group Hyatt, told an investor conference last week in New York.
US consumers across all income levels cut their spending on lodging and airlines in the year to May, compared with the same period in 2024, according to an analysis of credit and debit card spending by Bank of America.
The decline is a further blow to the US tourism industry, which is reeling from sharp drops in visitors from Canada and Europe amid political and economic tensions and some tourists experiencing hostile treatment at the US border.
Canadian air travel to the US fell almost a quarter in May compared with the same month in 2024, according to Statistics Canada. There were also more than 7 per cent fewer arrivals from France and Germany, the two largest US tourism markets in mainland Europe, in the year to April, according to the International Trade Administration.
The biggest pullback on travel spending was among lower-income households, according to Bank of America. Wealthier consumers only marginally reduced their spending, meaning that luxury hotels were mostly insulated from the slowdown.
...
Trump quasi-nationalizing US Steel is hilarious
It's the sort of thing we used to send the US Marines to deal with, not too long ago
https://www.chron.com/culture/articl...y-20379287.phpTexas retailer At Home files for bankruptcy, citing tariffs as a challenge
North Texas furniture and home decor retailer At Home is filing for bankruptcy as the company tries to claw back its debt and deal with the impact of tariffs.
On Monday, At Home announced that the company and some of its subsidiaries have commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware as part of a restructuring agreement with lenders.
In doing so, At Home is aiming to eliminate the company’s nearly $2 billion in funded debt. The company also entered into an agreement for $600 million in debtor-in-possession financing, which includes a $200 million capital infusion from some of its existing lenders and a "roll up" of $400 million of existing senior secured debt. At Home expects the capital infusion to serve as support through the restructuring process and beyond.
At Home stocks furniture, rugs, decor and bed and bath goods for value prices. While it was once a Houston-based home decor and crafts retailer known as Garden Ridge, the company is now headquartered in Coppell, Texas. It operates 260 stores in 40 states, including about 10 in the Houston area. Currently, 26 store closings have been authorized, according to a bankruptcy do ent, though none of the affected stores are in Texas, the Dallas Morning News notes.
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Trump did another socialism.
Failing company with 1 billion debt acquired by private equity firm in '21. Private equity firm doubles the debt to 2 billion now asks to have it's debt erased cuz muh tariffs
Trump: "We had a good G7. We signed the deal with the European Union -- phase one of a deal -- but we signed the deal with the UK ... look, we're actually finished with every deal if you really think about it, because all I have to do is say, 'This is what you're gonna pay.'"
and by you, Trump means US consumers
Out of all the companies that are really suffering from these re tariffs, you finally found one that maybe is putting false blame on them. Congrats, Columbo.Failing company with 1 billion debt acquired by private equity firm in '21. Private equity firm doubles the debt to 2 billion now asks to have it's debt erased cuz muh tariffs
Private equity bad now?
ingenuity eludes the taxman
https://www.cnbc.com/2025/06/18/busi...tegories-.html“I was talking to somebody recently and they were showing me their lapel pin,” said Kelley Drye & Warren’s Foote. The pin, tacked onto the person’s suit, featured a “festive design” with pieces of cubic zirconia at the back, Foote said.
The inclusion of cubic zirconia helped the company that manufactures those pins avert a 14% tariff, as the item no longer fell under festive article category but got classified as jewelry, Foote subsequently learnt.
“The value attributable to the cubic zirconia was significant enough [and] it was a relatively easy manufacturing change,” Foote said.
The practice of tariff engineering can be traced back to 1882, when an importer coated sugar with molasses to avoid higher duties imposed on lighter-colored sugar. In a landmark ruling, the Supreme Court ruled the act perfectly legal: “so long as the goods are truly invoiced and freely and honestly exposed to the officers of customs for their examination, no fraud is committed.”
will Trump try to coopt the steel workers union, or will he break it?
Does that count as an inflation warning? Asking for someone currently in Korea
https://www.ctvnews.ca/business/arti...g-expert-says/U.S. wine export market struggling after Canada ‘pulled the plug,’ expert says
After U.S. President Donald Trump announced a series of tariffs targeting Canadian goods earlier this year, Canada was quick to respond with retaliatory measures aimed at American sectors that rely on exports north of the border, one of which was the wine industry.
The result was a 93 per cent drop in American wine exports to Canada in April, the biggest year-over-year decline in decades. Since Canada is the largest buyer of exported U.S. wines, the ongoing trade dispute has plunged the industry into crisis, according to one expert.
“Wine firms here in the U.S. thought that a tariff on (imported) goods, including wine from Canada, would be a boon, but it has turned out the other way around,” Karl Storchmann, executive director of the American Association of Wine Economists, told BNN Bloomberg in a Wednesday interview.
...
“Canada is a very, very important market for upscale wine and it’s in enormous quan ies. The premium wine markets are Canada and China,” he said.
American wine exports to China, the third largest purchaser of U.S. wine, also took a hit in April, as Beijing and Washington were in the midst of a trade war of their own. China bought 30.5 per cent less American wine in April than it did in the same month in 2024.
Storchmann said that on top of all this, overall demand for wine around the world has been on the decline for the last two or three years.
“Wine consumption in the U.S. and globally has been going down probably pretty much starting after COVID-19, so that is another problem,” he said.
“That’s why Canada virtually pulling the plug makes it especially hard.”
This forum is dying and it's becoming a one man echo chamber and it gets boring making you look stupid every day.
You just can't let this go and you continue to make yourself look like a ing idiot.
Powell didn't warn of "massive inflation" or "huge inflation" and the fed numbers released are the exact opposite of your idiotic claim.
2.5% now
3.1% by end of year
2.4 % 2026
2.1% 2027
https://www.federalreserve.gov/monet...bl20250618.htm
Don't be a little and dodge again. Are those numbers from the Fed "massive" or "huge" inflation numbers? yes or no.
TSAnon demands accountability
Lol
You are such a pussy
You're a rambling reYou are such a pussy
Journalist: "What is holding up a deal with Canada"
Trump: "I have a tariff concept Mark Carney has other ideas"https://www.ctvnews.ca/world/trumps-...uly-21-carney/Canada will adjust counter-tariffs on steel and aluminum products on July 21 to levels “consistent” with progress made during trade negotiation with the United States, Prime Minister Mark Carney said Thursday.He did not specify what those adjusted tariffs would amount to. July 21 coincides with the end of the 30-day trade deal deadline announced after Carney and U.S. President Donald Trump met in Kananaskis, Alta., on the sidelines of the G7.
In addition to adjusting those counter tariffs, Canada will limit federal procurement policies to favour Canadian suppliers and “reliable trading partners” by June 30, according to a press release.
Third, the government will unleash new, retroactive tariff quota rates, at 100 per cent of 2024 levels, on imports of steel products from non-free trade agreement countries. More tariff measures will be adopted in the coming weeks to respond to “unfair trade inthe steel and aluminum sectors, which are exacerbated by U.S. actions,” the news release adds.
Carney gives Trumplandia a deadline
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