The Trump Economy

[RX792P]

OTOH, the tariffs are helping one segment of the economy...

DHL is hiring hundreds of customs experts to help businesses navigate unprecedented trade turbulence that is upending supply chains even as the integrated logistics giant expects a more muted peak shipping season this fall.

A barrage of constantly changing U.S. tariff policies has whipsawed freight markets, with shippers fast-forwarding overseas orders to beat tariff deadlines, then reducing imports because inventories are high, and looking to find suppliers outside China — where average U.S. tariffs are 58%. The May 2 cancellation of the de minimis rule, a duty-free exemption for low-value parcels, also sharply reduced airfreight for e-commerce shipments.

DHL Express has added more than 680 customs, finance and customer service specialists this year to help small businesses, especially those used to filing minimal documentation for de minimis shipments and who now must submit a formal entry along with import taxes and fees for the first time, manage new compliance requirements,

https://finance.yahoo.com/news/dhl-s...133924136.html

[Tiny]

Second quarter QoQ GDP growth was revised upwards to 3.8% today, the highest since the 3Q of 2023. I don't believe Trump's policies had a lot to do with that, except that pre-tariff inventory building in the 1Q depressed GDP, because of the way it's calculated by the BEA. And that made 2Q growth look better. However I'm curious to see how Blackman, RX, et al explain how the economy went to hell in a handbasket when GDP growth was 3.8%.

[RX792P]

Trump's gonna take tariff money to help out the farmers who are being hurt by his tariffs/trade war. At least that's what I think he said in this word salad, excuse me...weave.

We’re going to take some of that tariff money that we made, we’re going to give it to our farmers, who are, for a little, going to be hurt until it kicks in — the tariffs kick in to their benefit. So, we’re going to make sure our farmers are in great shape ’cause we’re taking in a lot of money.”

“We’re finding, the other day, it was very interesting — they found $31 billion,”

They said, “Sir,” I said, “You mean positively, right?” They said, “Yeah, 31 more than we knew. We didn’t know where it came from.” I said, “Check the tariff shelf.” They came back the following morning, they said, “You’re right sir, it came from the tariffs. We’ve never seen anything like this.”

Oh wait...that was $31 MILLION on the lost and found tariff shelf...

So what we’re going to be doing is taking some money from all of the tariff money that we’re taking and we’re going to be distributing it to all of our farmers, until the tariffs kick in to their benefit. which, ultimately, the farmers are going to be making a fortune. But it’s a process that ultimately has to kick in.

Good to know farmers are going to 'make a fortune'

$31 billion lost on the 'tariff shelf'...whoda thunk it?
the U.S. has collected $165.4 billion from them as of Sept. 22...19% got lost on the 'tariff shelf'...
sure......

[1blackman1]

Originally Posted by Tiny

Second quarter QoQ GDP growth was revised upwards to 3.8% today, the highest since the 3Q of 2023. I don't believe Trump's policies had a lot to do with that, except that pre-tariff inventory building in the 1Q depressed GDP, because of the way it's calculated by the BEA. And that made 2Q growth look better. However I'm curious to see how Blackman, RX, et al explain how the economy went to hell in a handbasket when GDP growth was 3.8%.

Are prices down for the average person? Are more people unemployed? Are bankruptcies up, individual and business? Those are more important indicators.

[RX792P]

Originally Posted by 1blackman1

Are prices down for the average person? Are more people unemployed? Are bankruptcies up, individual and business? Those are more important indicators.

https://www.uscourts.gov/data-news/j...-previous-year

Personal and business bankruptcy filings rose 11.5 percent in the twelve-month period ending June 30, 2025, compared with the previous year.

According to statistics released by the Administrative Office of the U.S. Courts, annual bankruptcy filings totaled 542,529 in the year ending June 2025, compared with 486,613 cases in the previous year.

Business filings rose 4.5 percent, from 22,060 to 23,043 in the year ending June 30, 2025. Non-business bankruptcy filings rose 11.8 percent to 519,486, compared with 464,553 in the previous year.