If economic trends persist, the customs tariff – which, despite the president’s insistence otherwise, is on taxes on American companies and ultimately on American consumers – may be with the increase in increased unemployment a time bomb.
“If this experience fails, it will fail, and I think we will start seeing the effects of this sooner, not later,” says Trumporld II.
No missile science
There is a lot of overcoming in the Republican Party and White House Trump.
“I think we have shown that inflation bit has been resolved,” a White House official tells me. “When the private sector is ready to work with us, it understands and is estimated to delegate to re -manufacturing, we have repeatedly showed that we are ready to meet them in the middle of the road.”
Could there be more concern about job numbers, especially given the low rate of employment participation and reviews that bring job growth from hundreds of thousands this spring to tens of thousands?
“No,” a Republican member of Congress tells me near the president in a text message when asked whether they were concerned about the labor market. “Not at all. The revenues of the customs tariff were good. In addition, the largely low taxes. More to come with a possible huge commercial deal in the fifteenth.” (August 15 was the day that Trump met with Russian President Vladimir Putin in Alaska; such a commercial deal was not achieved.)
The economists I spoke to, though, do not buy it.
“All signs look very pessimistic on the inflation front,” James Angel, a financial professor at Georgetown University, tells me in an email. “You don’t have to be a missile world to know that the customs tariff will increase the prices we pay against imported goods. It will not change any amount of the courses.”
Justin Wolvers, an economist at the University of Michigan, says the labor market seems dark even before the definitions are completely launched. “There is no doubt that the growth of jobs has slowed.”
Wolves add that one of the biggest justifications for Trumporilds of definitions is not a big deal for American consumers simply not withstand. The first strategic expert told Trumpworld, some companies – especially American auto companies such as General Motors – showed in their profit reports that they are ready to address the cost of definitions at the expense of their profits.
“This is what you usually expect to happen in the short term, because companies do not change their prices every time every time the president opens his mouth,” says Wolfard. “Now after setting the customs tariff, and they see the pressure of the margin, this is the point that you expect companies to start thinking about.”
Wolf players say consumers should expect to feel more pain “in the second half of this year.”
Angel says that even the constant situation continues with the permanently late definitions, it can still have severe consequences.
Professor Georgetown explains: “Economic chaos has caused customs tariffs out of the clouds to decrease in business expectations and consumers.” “This in itself is likely to cause stagnation.”
Copy of a cup
Jerome Powell, Jerome Powell, does not calm down, because Trump has made it clear that he eventually wanted to replace Powell by lowering interest rates, even if this contradicts the double mandate to keep stable prices and full employment.
The sources also told me that Trump shot the head of the work statistics office after the latest jobs that showed great reviews and slowdown in employment during the past few months. (EJ ANTONI, Trump’s choice of BLS leadership, has a few link experiences beyond being the chief economist at the Heritage Corporation; as WIRED mentioned, the Twitter account that was now deleted using its name showed a confirmation of Theories of the red plot))
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