"Memo to Jay: Every one of America’s major trading partners – the same countries driving our $1 trillion annual trade deficit – is deeply dependent on access to the U.S. market. When Trump slaps on tariffs, it is their exporters, not our consumers, who shoulder the burden. Without U.S. demand, their economies falter – so pay the tariff piper our trading partners must.
That’s why in Trump’s first term, despite all the handwringing from the "Panicans" about looming inflation, tariffs on everything from steel and aluminum to China produced the opposite: robust growth with price stability. "
https://www.foxnews.com/opinion/what-fed-must-do-now-after-jerome-powells-jackson-hole-epiphany
@Mott-The-Hoople
In fact they have to shoulder some of the cost, but they won't sell when not making any profit.
So lets wait some time until stocks are empty and see if there will be inflation and then how much of that.
@Mott-The-Hoople saidThe "growth" is coming from inside government.
"Memo to Jay: Every one of America’s major trading partners – the same countries driving our $1 trillion annual trade deficit – is deeply dependent on access to the U.S. market. When Trump slaps on tariffs, it is their exporters, not our consumers, who shoulder the burden. Without U.S. demand, their economies falter – so pay the tariff piper our trading partners must. ...[text shortened]... "
https://www.foxnews.com/opinion/what-fed-must-do-now-after-jerome-powells-jackson-hole-epiphany
Private sector is bleeding. One example, John Deere laid off hundreds of workers last week citing tariffs as the reason why.
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Lol MAGA clowns, you've been framed.
About the Fox News article:
It’s an opinion column by Peter Navarro (Trump’s former trade advisor), not a straight news or Fed transcript. His argument reflects the Trump administration’s narrative, not the economic consensus.
👉 The article is not factually accurate in suggesting Powell admitted tariffs don’t fuel inflation. That’s Navarro’s interpretation and framing.
@congruent saidPeter Navarro should still be in prison as a ringleader of Jan. 6
Lol MAGA clowns, you've been framed.
About the Fox News article:
It’s an opinion column by Peter Navarro (Trump’s former trade advisor), not a straight news or Fed transcript. His argument reflects the Trump administration’s narrative, not the economic consensus.
👉 The article is not factually accurate in suggesting Powell admitted tariffs don’t fuel inflation. That’s Navarro’s interpretation and framing.
He was pardoned so he can take the bullet for Trump again, if necessary.
@Mott-The-Hoople saidIt should be called CHUMPonomics. And even when the country goes downhill straight to recession you will only move the goalpost saying how bad it was when Biden was in office.
"Memo to Jay: Every one of America’s major trading partners – the same countries driving our $1 trillion annual trade deficit – is deeply dependent on access to the U.S. market. When Trump slaps on tariffs, it is their exporters, not our consumers, who shoulder the burden. Without U.S. demand, their economies falter – so pay the tariff piper our trading partners must. ...[text shortened]... "
https://www.foxnews.com/opinion/what-fed-must-do-now-after-jerome-powells-jackson-hole-epiphany
Also the reason we have a tril deficit is we are not big into manufacturing like we were 100 years ago.
We BUY stuff that has no opposite from our country to sell so OF COURSE there is a deficit.
Tell me how many US manufacturers are there making 60 inch smart TV's as one big example.
You going to work in a law making the purchase of Subaru or Toyota is ILLEGAL and ONLY US made cars are allowed to be sold? How would that help the deficit anyway?
You want to weaponize deficits to suit your political agenda.
@Mott-The-Hoople saidLiar.
"Memo to Jay: Every one of America’s major trading partners – the same countries driving our $1 trillion annual trade deficit – is deeply dependent on access to the U.S. market. When Trump slaps on tariffs, it is their exporters, not our consumers, who shoulder the burden. Without U.S. demand, their economies falter – so pay the tariff piper our trading partners must. ...[text shortened]... "
https://www.foxnews.com/opinion/what-fed-must-do-now-after-jerome-powells-jackson-hole-epiphany
@Mott-The-Hoople saidSorry, That was your mommy son. She clearly did an awful job of raising you and raised you queerly. lol...
queer
@Mott-The-Hoople saidHaha, Fox Entertainment says this.
"Memo to Jay: Every one of America’s major trading partners – the same countries driving our $1 trillion annual trade deficit – is deeply dependent on access to the U.S. market. When Trump slaps on tariffs, it is their exporters, not our consumers, who shoulder the burden. Without U.S. demand, their economies falter – so pay the tariff piper our trading partners must. ...[text shortened]... "
https://www.foxnews.com/opinion/what-fed-must-do-now-after-jerome-powells-jackson-hole-epiphany
@congruent saidHook, line and sinker.
Lol MAGA clowns, you've been framed.
About the Fox News article:
It’s an opinion column by Peter Navarro (Trump’s former trade advisor), not a straight news or Fed transcript. His argument reflects the Trump administration’s narrative, not the economic consensus.
👉 The article is not factually accurate in suggesting Powell admitted tariffs don’t fuel inflation. That’s Navarro’s interpretation and framing.