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Old 07-25-2018, 01:11 PM
 
Location: Florida
63,008 posts, read 34,311,857 times
Reputation: 10459

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Better do your shopping now, before Trumponomics kick in more. It won't be pretty, and the farmer bail-outs is only the beginning. When prices rise so much so fast, people will simply stop buying, which is a disaster in a consumer based economy. Companies will start shutting doors.

https://www.msn.com/en-us/money/mark...tty/ar-BBL3ngN

Sharif called it a "substantial move" considering the most recent core CPI gain was 2.3 percent. Assuming the analysis is correct, that translates to a nearly 20 percent rise in prices for the wide-ranging basket of goods the index measures

Sharif predicted the tariffs likely would take effect in mid-October, based on the three-month lag it took the current $34 billion of tariffs to take effect from the time they were introduced.
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Old 07-25-2018, 01:44 PM
 
Location: Nantahala National Forest, NC
27,093 posts, read 5,888,275 times
Reputation: 30347
So we pay more for goods plus pay money to farmers etc. for their losses due to tariffs. Double whammy.
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Old 07-25-2018, 01:47 PM
 
Location: OH->FL->NJ
9,925 posts, read 8,069,677 times
Reputation: 4190
Already hit in laundry equipment and vacuums.
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Old 07-25-2018, 01:49 PM
 
Location: Sector 001
7,242 posts, read 6,462,681 times
Reputation: 8290
Don't really care if there's a surcharge on Chinese junk.
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Old 07-25-2018, 01:49 PM
 
Location: Florida
63,008 posts, read 34,311,857 times
Reputation: 10459
Quote:
Originally Posted by greatblueheron View Post
So we pay more for goods plus pay money to farmers etc. for their losses due to tariffs. Double whammy.
Yes, and if the economists are right, this is just the beginning. Companies shutting doors, lay people off, and those people wont be able to pay their mortgages, they'll lose their houses etc. We have been here before, and it wasn't too long ago.
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Old 07-25-2018, 01:52 PM
 
Location: southern california
55,659 posts, read 74,595,623 times
Reputation: 48158
You think that is bad wait till american workers get the first real raise in 40 years
That madman must be stopped!
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Old 07-25-2018, 01:52 PM
 
Location: Florida
63,008 posts, read 34,311,857 times
Reputation: 10459
Quote:
Originally Posted by ottomobeale View Post
Already hit in laundry equipment and vacuums.
It will hit practically everything. Some items like meat might get temporarily cheaper, when producers try to get rid of the glut of produce no one wants.
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Old 07-25-2018, 01:53 PM
 
Location: Sonoran Desert
29,346 posts, read 39,740,850 times
Reputation: 18787
Trump can afford it.
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Old 07-25-2018, 01:53 PM
 
45,045 posts, read 17,902,619 times
Reputation: 18880
Economists?

Didn't they ALL predict a stock market crash if Trump was elected?
(this included a certain Nobel Prize winning Economist too who gets paid by the NY times)


They are all shills for the MSM which pays their salary.

And you poor fellows keep believing them day after day.
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Old 07-25-2018, 01:57 PM
 
Location: North America
19,634 posts, read 12,436,329 times
Reputation: 8282
Quote:
Originally Posted by greatblueheron View Post
So we pay more for goods plus pay money to farmers etc. for their losses due to tariffs. Double whammy.
The aid to farmers is a short term solution. This is going to get a lot worse.
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