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senseandsensibility

(21,663 posts) Wed Apr 2, 2025, 07:15 PM Apr 2

Inflation risk from trump tariffs according to economy reporter from Reuters [View all]

Michael Derby is quoting Piper Sandler: "The tariffs came in higher/worse than we'd expected, so we are lowering our 2Q real GDP estimate from 0% to -1%. And given where the big tariff hikes are concentrated--China, Vietnam, Taiwan, etc.--the risks to consumer inflation are much higher than initially thought."

Sounds like fun times when the markets open tomorrow and as inflation hits in the coming days. Now the Dems have ONE JOB: Make sure the voters know whose fault this is. Hint: saying it once isn't enough.

9 replies

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Inflation risk from trump tariffs according to economy reporter from Reuters [View all] senseandsensibility Apr 2 OP

"Risk" means uncertainty. But raising taxes on goods is literally mandating inflation unblock Apr 2 #1

But I think the point is that senseandsensibility Apr 2 #2

It's already worse than people realize unblock Apr 2 #3

Wow, interesting. Thanks for sharing this. Mike 03 Apr 2 #6

Yeah, that's the question. Was January stockpiling big enough to counter the contraction in March, unblock Apr 2 #8

Democrats should call it the Trump tax. Say it loud and say it often. And repeat. dalton99a Apr 2 #4

So simple senseandsensibility Apr 2 #9

Thanks for posting this. It helps explain why a number of guests on Mike 03 Apr 2 #5

Exactly senseandsensibility Apr 2 #7