Tariff Man and his tariff plan cause market plunges

[Green_Mountain]

Originally Posted by tommy156

Go ask someone who works for a living how the economy's doing. Go ask a soybean (or any other) farmer how their lives are going. You know, a tiny taste of reality might be good for you once in a while.

White collar employment isn’t work?

[Salty Again]

Originally Posted by Charley3

The Dow is above 45,000. That’s 9,000 higher than pre Covid. As far as the market, Trump has been a success so far. That’s where the greed in me overrides my dislike of Trump. This guy loves it!!

... THIS!

... Common sense from Charley! ...

(Much-like his Steeler football posts - and mine!)

#### Salty

[HDGristle]

Pretty sure you were a big Aussie Grumblegus and all doom and gloom when the stock market was over 45k under the last guy.

But, that's not important

[HDGristle]

https://www.cbsnews.com/video/former...ght-way-to-go/

Great discussion with a very well respected, conservative economist

[tommy156]

Originally Posted by HDGristle

Pretty sure you were a big Aussie Grumblegus and all doom and gloom when the stock market was over 45k under the last guy.

But, that's not important

There's just no getting through to them

[HDGristle]

Pretty solid charts that show how some costs have risen due to Tariffman's tariffs. Data thanks to the Trump admin

https://www.cnbc.com/2025/09/13/char...to-effect.html

Meanwhile, farmers are getting some multi-whammies with record crop yields and China not playing ball leading to high supply and low demand while the tariffs increase the cost of doing business.

https://www.politico.com/news/2025/0...trade-00554909

[txdot-guy]

As predicted coffee prices are surging.

https://www.newsweek.com/coffee-pric...ariffs-2128790

Coffee Prices Are Surging
Hugh Cameron * Sep 12, 2025 at 7:04 AM EDT

Americans are waking up to higher prices for their morning coffee, as President Donald Trump's tariffs on key exporting nations begin to take hold.

On Thursday, the Department of Labor released its Consumer Price Index for the month of August, which found that the annual inflation rate had accelerated to 2.9 percent from 2.7 percent in July. Among the revelations contained in the press release, coffee prices have risen by 20.9 percent over the past year, with instant and roasted costs up 20.1 percent and 21.7 percent, respectively.

According to the Labor Department data, the average retail price per pound of 100 percent ground roast coffee has now risen to $8.87, up from $7.02 in January.

[tommy156]

It's almost as if millions of us predicted (correctly) that nothing tariff man is doing will help lower prices.

[Green_Mountain]

Wow, you guys really know your economics. What other commodities can you cherry pick?

I’ll look at the PPI which went DOWN in August.

CNBC is shocked at producer price inflation actually declining for the month. President Trump has defied all expert expectations on tariffs.

"Wholesale inflation, expected to be +0.3%, down -0.1%. Wow! First negative number since April."

"I'm SURPRISED! Real progress here. +2.6% year-over-year, we were expecting +3.3%! [...] Those little blips seem to be moving back into the sunset."

https://x.com/EricLDaugh/status/1965762454668902691

[HDGristle]

Yes, GM. We'll want to keep watching that. Most folks see it as a sign of softening demand which could bring other problems. It's why we don't just rest on one data point in one period and look at the larger picture over time

https://www.reuters.com/business/coo...nd-2025-09-10/

[Green_Mountain]

So wait, if inflation goes up it’s the fault of Trumps tariffs.

If inflation doesn’t go up as much as forecasted or decreases, it’s a sign of softening demand?

So in your argument Trump can’t win either way.

[HDGristle]

The American industries most exposed to trade turmoil have slammed the brakes on hiring and in many cases begun to lay off workers, causing growth in the US labour market to grind to a halt.

Sectors including manufacturing, wholesale retail and energy have experienced a wave of job losses in recent months that executives blame in large part on President Donald Trump’s sweeping levies that have increased costs and made it difficult to commit to expansion plans.

“These tariffs are just a drain on American manufacturers like mine. There’s no benefit. It’s an abrupt tax that is impeding our ability to hire and grow,” said Julie Robbins, chief executive of EarthQuaker Devices, a manufacturer of guitar pedals in Akron, Ohio. Robbins said to keep up with demand she would ideally have added another three or four employees to EarthQuaker’s 35-person workforce.

Instead, the company had entered an effective hiring freeze, she said. “We can’t hire or grow without having stability in policy and predictability in expenses. And now we’re being forced to exist in an uncertain environment. It’s really challenging.”

https://www.ft.com/content/35848bf7-...f-629af9d19469

[HDGristle]

https://www.cnbc.com/amp/2025/09/15/...riffs-cbo.html

CBO confirms Trump tariffs have led to a noticeable increase in inflation and that there's more inflation than they expected.

Interesting read

[tommy156]

Nice to see the CBO confirm what anyone with even the slightest idea of how tariffs work predicted would happen.

So, now that trump's tariffs have been confirmed as a really stupid economic move, how will trump make good on his promise to lower prices? Thoughts?

I'm going with: he doesn't give a shit about lowering prices and never did.

[oldman2525]

Originally Posted by HDGristle

https://www.cnbc.com/amp/2025/09/15/...riffs-cbo.html

CBO confirms Trump tariffs have led to a noticeable increase in inflation and that there's more inflation than they expected.

Interesting read

wow, you and tommy are really starving for any tiny morsel on this subject,lol

even the report says "not by alot,but enough to show"

and it is still below the inflation rate from january 2025

so the "big bad horrible" inflation causing bullshit that was predicted because of tarriffs never happened

stay hungry