Tariff Man and his tariff plan cause market plunges

[lustylad]

It means exactly what it says - the average blue collar worker's real (inflation-adjusted) wages climbed by 1.7% during Trump's first 5 months.

American workers are enjoying a surge in their purchasing power.

Don't just stand there looking befuddled, Gristle. Cheer, cheer! Say Hooray!

[bambino]

Originally Posted by HDGristle

So that 5 month comparison that he's touting... its blue collar. He got it from Bessent's Pod Force One appearance.

So you're saying that effectively 1 month of TACO tariffs dropped inflation and produced 1.7% wage growth over a 5 month period.

Highest increase since 1968 Mr Gristle. Try harder. Tariffs and deportations were supposed crush wages. According to your and “sources”.

[HDGristle]

Originally Posted by bambino

Highest increase since 1968 Mr Gristle. Try harder. Tariffs and deportations were supposed crush wages. According to your and “sources”.

I don't need to. Bessent covered what he felt drove it and was keen not to give much credit to tariffs.

He reserved that, in a veiled way, as what he expects to unlock growth for blue collar jobs long-term

Recommend you listen to the whole podcast. He's a better messenger than Navarro, Lutnick or Trump.

He wasn't making the case that you and Lin Wood are trying to make and he's not wrong about the those numbers. But they have to hold the next 6 months or so... or twill be naught more than a blip and we won't talk about much until we look at the next president's first 5 months

Back to tariffs, did you notice how Trump walked put of the G7 with no trade deal with Japan?

[HDGristle]

Some much needed focus on the slow dance with Japan

https://english.kyodonews.net/news/2...riff-deal.html

[HDGristle]

With timing running out, how many trade deals do e expect by the end of the 90 day deadline?

Under 10 or over 10?

CNN is being mighty generous counting a China deal. They have him at 2.

https://www.cnn.com/2025/06/19/econo...trade-deals-g7

[bambino]

https://x.com/donnabarford/status/19...876044674?s=42

BOOM

[HDGristle]

https://thehill.com/homenews/senate/...ainty-tariffs/

Some Republicans are starting to worry about the lack of real deals

Meanwhile, the trade deficits with Asian nations are starting to balloon again in an effort to get ahead of any escalations if once Tantrum Day 2.0 hits and any tariff increases hit.

https://www.bloomberg.com/news/artic...der-trade-gaps

[HDGristle]

We're seeing trade deficits surge, not ebb

https://www.newsweek.com/us-trade-de...ariffs-2091131

[bambino]

https://x.com/ericldaugh/status/1938...131348958?s=42

More manufacturing and jobs coming back!!!!!

[HDGristle]

That's 800 jobs

Nolan said President Donald Trump's tariffs placed on China played a role in the decision to move, but the main reason was because the company is focused on consolidating its work force.

https://www.wlky.com/article/ge-appl...tment/65204806

[bambino]

Trump announces that we signed an economic deal with China yesterday with India coming up next.

Trump also highlights how he said he had deals in the pipeline, and the MSM did not believe him.

The deals are already made behind closed doors. We are just seeing the disclosure.

Trump already has the board secure. By the time we hear about a deal being made, it’s already been in place. This is how Trump operates.

[bambino]

Tariff revenues are pouring in!

https://x.com/ericldaugh/status/1938...098700008?s=42

[bambino]

BREAKING: President Donald Trump announces that a trade deal with China has officially been signed.

[HDGristle]

At the White House on Thursday, Trump said he had "signed" a deal with China without giving further details. "The administration and China agreed to an additional understanding for a framework to implement the Geneva agreement," a White House official said later.

So the trade deal isn't done. Just another incremental piece of that frame work that he previously claimed was a done deal. This see where he's going. He wants to get to 90 deals in 90 days by carving up a trade deal and calling every subpart he gets agreement on a deal.

Create the impress of progress and building momentum.

Will Tariffman extend the deadline?

If we hypothetically give him the U.K. and assume he gets China and India to agree to something. That's stil only 3 deals.

We know he'll call sending a letter unilaterally stating what the tariffs are a done deal.

Do you see him getting 5 real deals? 10? 15? If he gets the EU will he count each country in it as a separate deal? That would be his kind of dodgy math.

[HDGristle]

The GDP hit was larger than expected. I remember a couple someones saying all indicators were pointing up. Alas, that was twaddle

The U.S. economy contracted in the first quarter as tariffs caused importers to surge shipments before higher levies took effect.

The Commerce Department's Bureau of Economic Analysis (BEA) released its third estimate for first quarter gross domestic product(GDP), which found the U.S. economy contracted at an annual rate of 0.5% in the first quarter, which runs from January through March.

Economists surveyed by LSEG had expected the economy to contract at a 0.2% rate in the quarter, in line with the second preliminary reading. The contraction comes after 2.4% GDP growth was recorded in the fourth quarter.

The 0.5% GDP contraction shown in the final first-quarter GDP figures is the first quarterly contraction since the first quarter of 2022.

https://www.foxbusiness.com/economy/...-q1-2025-final