Category Archives: Tariffs

Inflation Numbers

grampslcf August 13, 2025 Comments Off

The Bureau of Labor Statistics (BLS) released the July inflation data today [RELEASE HERE]. Overall, inflation remains low and stable with a July outcome of 0.2 percent, 2.7 percent year over year.

The prices for highly consumable goods like food at home are declining, meanwhile the prices of long-term durable goods are ticking up. Put another way, the prices of the stuff we export are lower, the prices of the imported durable goods are a little higher. Put them together and the aggregate inflation is stable.

2nd Quarter Economic Results

grampslcf July 31, 2025 Comments Off

The Bureau of Economic Analysis (BEA) releases the GDP data for the second quarter (Q2) and it shows a 3.0% jump in economic growth. While many mainstream economists are saying that this was unexpected, that just shows the lack of economic understanding within Big Media.

By The Numbers

grampslcf June 3, 2025 Comments Off

All of the economic numbers continue to show steady progress in the right direction for America. This is what the people of America voted for last year. Of course, they also voted for stopping the disaster at our borders. Both promises are being kept.

Global Tariff Strategy

grampslcf April 15, 2025 Comments Off

White House National Economic Council Director Kevin Hassett appeared on Fox Business to talk about PDJT’s tariff agenda. This includes some clarifying discussion about semiconductor imports. Hassett also discussed new trade deals and the impact of the global trade reset on China.

The bubbly Hassett notes numerous countries are ready to sign new deals with America and there will likely be some announcements very soon. These may include individual country announcements as well as announcements about groups of countries.

Tariffs

grampslcf April 11, 2025 Comments Off

Many American industries are praising PDJT’s tariff strategies. Most can see a substantial improvement coming in their ability to sell to foreign markets if the playing field is leveled as PDJT has promised.

Tariffs

grampslcf April 10, 2025 1 Comment

Margaret Brennan on Face The Nation went off on another one of her usual rants this time against what the administration is doing with the tariffs issue. Apparently Brennan is very worried about the penguins of Heard and McDonald Island being able to keep up with the orders for industrial equipment.

Commerce Secretary Howard Lutnick has to explain to Brennan just how the global markets work. Brennan gets a little pissy toward the end. Another Brennan interview where the gotcha questions get her instead of the person she is supposedly interviewing.

Tariffs

grampslcf April 8, 2025 Comments Off

This is the first of what I am sure will be multiple posts about the tariffs that are being imposed on imports to our country. There are many people (experts and not so experts) who have chimed in with their thoughts on what will happen as we move forward into what is somewhat uncharted territory. Much of what is being spouted often reflects the ideology of the spouter.

Obama Created Trump Economy, Part 2

sunbeam February 21, 2020 Comments Off

Yesterday former President Obama’s ridiculous tweet that he was responsible for the roaring Trump economy was reviewed.

USMCA Passes

sunbeam January 17, 2020 Comments Off

The USMCA trade deal replacing NAFTA, passed by Mexico more than half a year ago, has finally passed both the Senate and the House in the United States. PDJT is expected to sign it next week. The deal is a major win for manufacturing in North America.

Despite broad bi-partisan support in both legislative chambers in this country, Speaker Pelosi had held up submitting the deal for a vote for months. Pelosi did not want PDJT to have a win in providing a better economy for all Americans. Eventually internal pressure within her own party forced her to move on the issue. No Democrat facing re-election wanted to be the target of voter angst because the Democrats were hurting Americans in their pocketbooks. It is also a certainty that the Democrats did not want PDJT pummeling them about the USMCA during his State of the Union address this year.

Has CNBC Lost Their Minds?

sunbeam September 17, 2019 Comments Off

Back in May, Goldman-Sachs came out and claimed that American businesses and consumers were bearing the full cost of the Chinese tariffs. This is funny in so many ways. If this were truly the situation, why are Chinese companies (and others) opening up plants in the US now? If this were the case, why are companies changing their supply lines away from China?

Let’s remember Goldman Sachs is a premier investment firm who controls assets in the tens of billions. Back in May, Goldman clearly did not believe that PDJT would follow through on more tariffs. They really just didn’t believe a U.S. President would ever go into a full economic confrontation with China. In this Goldman probably represents the majority opinion of the Wall Street ‘multinational’ community at that time.