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Trumpflation: Everything is going to be a little more expensive now. (www.theatlantic.com)

submitted 6 days ago by [email protected] to c/[email protected]

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[–] [email protected] 8 points 6 days ago (1 children)

A little? I am probably over simplifying, but isn't he doing 25% tariffs?

[–] ricecake 10 points 6 days ago (1 children)

In some ways what he's doing is worse. By loudly threatening a mixed bag of tarrifs and making it unclear where things actually are he drives companies to raise prices because everyone else is, because they can, because they expect the tarrifs, or because there actually are tarrifs.

He's done a slew of tarrifs, threatened more, and also rolled some back shortly after imposing them.

[–] [email protected] 4 points 6 days ago

Increasing profit by doing nothing. “We have to raise prices to prepare for a possible bad thing, not respond to it. And no, we won’t lower them even if we can”