The US Bureau of Labor of Statistics will be releasing its June inflation data this Tuesday, with economists forecasting a slight uptick in consumer prices because of the impact of tariffs. FRANCE 24 spoke to Nela Richardson, Chief Economist at ADP, about the impact of import duties on US inflation. Also in this edition: the French government considers a spending freeze in a bid to find €40 billion in savings and cut the deficit.
Fed alresdy stated they’d have shifted rates lower if it wasn’t for Trump, this suggests his policies already are causing inflation
Whether it affects inflation or not, it is having a negative impact on my small business. I own a brick and mortar game shop, people are spending far less than normal. They are worried about food and other necessities to be able to spend on leisure.
January and June are the only two months I have not had to play rent and other bills for the shop out of savings. I have not had to do that for 6 years, not even during COVID.
I have an electrical contracting business, and our workload has been all over the place. Several weeks completely dead, several weeks slammed, some weeks with just a handful of service calls but no installations. Normally we’re pretty slow from January through March, but this year the slow hasn’t stopped. Anyone who says we aren’t in a recession is smoking the good stuff.
Yet I talk to friends in rural Colorado and Idaho, and they’re busier than ever.
Suddenly you having your GW rep on speed dial makes sense to another comment I read yesterday.
lol that was actually my weekly stock check call. I happened to ask about the Space Wolves Combat Patrol while on the call.
Comment referenced: https://sopuli.xyz/comment/17810660
It will add to inflation domestically. Because it’s a tax on US consumers. An illegal one. Never voted on.
The country voted for it on November 5th, 2024. It’s not like Trump was being subtle about his intention to impose tariffs broadly. Being woefully uneducated about the effects of Trump’s tariffs is no excuse, the majority of
AmericansAmerican voters wanted this.We are a deeply stupid country. No denying that. We still dont have universal healthcare. And we elected a failed gameshow host. Twice.
But you’d think after the first round was a complete failure that he’d find a new project. That shouldn’t surprise me tho. Guess now it’s just a money making scheme. Insider trading.
GDP has yet to be reported since the tariffs have been in effect. Just wait.
Place your bets folks. Will they cook the books and by how much?
The company I work for just placed a big order for stuff from EU and Canada last week as we do every few months for stuff to put together as new products. So this time when the parts come in we’re going to be screwed. The pile of orange just ate all our profit. I don’t understand what he though would happen. We can’t use us parts because that eats our profit… Pay for everyone who works there plus the various electric, gas, rent, equipment etc maintenance.
“finally”… It already has.
