Economists predict 20 percent rise in consumer prices due to tariffs (healthcare, dollars)

[Finn_Jarber]

Originally Posted by Oklazona Bound

Second issue is the trade war with the EU is off. So even the modest .45% number is high. I am sure you are disappointed that the trade war is off.

Really? Juncker and Trump mentioned they canceled tariffs for two products. I hope Trump will be able to claw his way back to where we were before he started this trade war nonsense. He can declare victory for surviving his own mess. They said they will talk about it, so we'll see how that goes.

[LifeIsGood01]

I heard auto insurance rates are going up since it will cost more for auto parts for repairs.

[Oklazona Bound]

Originally Posted by Finn_Jarber

Really? Juncker and Trump mentioned they canceled tariffs for two products. I hope Trump will be able to claw his way back to where we were before he started this trade war nonsense. He can declare victory for surviving his own mess. They said they will talk about it, so we'll see how that goes.

There won't be a trade war with the EU. Before you start these sensational threads lets see how it plays out. The EU apparently "blinked" first. You should hale it as a good first step.

[Mikala43]

Originally Posted by stockwiz

Don't really care if there's a surcharge on Chinese junk.

House building prices have gone up about 20% due to lumber tariffs with Canada (and in part to fires). That's not Chinese junk, that's the American dream.

[Mikala43]

Originally Posted by Huckleberry3911948

You think that is bad wait till american workers get the first real raise in 40 years
That madman must be stopped!

Stagnant wages are the only part of the economy that didn't improve, and no forecast for that to change. It was bad enough before, but now those same workers have to deal with prices skyrocketing, interest rates going up, and consumer debt of the lower paid has been increasing.

[hbdwihdh378y9]

Originally Posted by Leo58

I suspect a math error. The article says the tariffs would amount to a 0.45 percentage point increase in CPI. The CPI was at 2.3% So 0.45 is a 20% increase in the CPI. It's a 20% raise in the rate of increase, but only a 0.455 increase in actual prices.

So the headline is a 4,000% exaggeration. Talk about fake news!

[Mikala43]

Originally Posted by WaldoKitty

Hmm.



I've seen no price increases. In fact we just had Amazon Prime day. We got millions of price cuts.



MSM is telling the Trump haters what to think again.

No, those numbers come from the government.

[parfleche]

Lets use American lumber like we used too.Getting sick of watching it all burn every year because we no longer log or thin our forests while Canada does and sells it to us,just stupid

[Seacove]

I’m spending as little as possible while Trump is in office.

[Mikala43]

Originally Posted by texan2yankee

source for your assertion? let's support American logger jobs and american lumber companies! If it costs more to do so, i'm all for it.

https://www.cbsnews.com/news/how-u-s...on-homebuyers/