Tariffs Dooms America to High Inflation

[gregb]

While tariffs make certain items more expensive, broader forces such as energy prices, wage growth and monetary policy have more impact on inflation.

 

[jturner01]

IMO a reset was ultimately inevitable. We couldn't continue to do what we've been doing in perpetuity.

When it comes to various forms of fighting, one of the conventional wisdoms is "be first".

When people buy less due to higher prices, it slows the economy.

That is what I said, deflation. The cure for the inflation, is higher prices or reduction of the money supply. They are choosing to increase the prices through a one time tax which will be deflationary. They are hoping to re-shore some good paying jobs (not enough time for that, IMO). If you remove the capital the entire thing implodes.... it is going to happen anyway, but they are hoping to pull a miracle out of their behinds.


This needed to happen during Bush Jr's presidency. We are too far down the road for this to actually work, IMO. This is why Central Banks are stockpiling gold, many are selling our debt and neo-cons are looking for war to find a scapegoat. Your dollar is dying, they have spent WAY too much and the rest of the world is slowly backing away, and are doing the old walk slowly at first to not panic market participants.... they are now beginning to jog a bit still speaking to the plebs calmly. Europe will probably fall within 6 months.

 

[Zoe]

Trump needs to get in the new magic bed a few hours or days or months.

China reacts to Donald Trump's new tariffs

Trump imposed a range of new and higher tariffs, including on furniture.

www.newsweek.com

Inflation is gonna hurt in mid term elections.

 

[Zoe]

"Inflation is elevated in the U.S., and tariffs are partly to blame. The Federal Reserve, which cut interest rates in September and markets believe may do so again before Christmas, is concerned that tariffs will continue to feed through to higher prices over the coming months.

A painfully high cost of living helped to deliver Trump the White House again, but, if prices stay high and the weak jobs market does not improve, it threatens to cause him a serious political problem in the 2026 midterm elections."

 

[Zoe]

"On Monday, Trump had referenced China in a post on Truth Social about new furniture tariffs.


"In order to make North Carolina, which has completely lost its furniture business to China, and other Countries, GREAT again, I will be imposing substantial Tariffs on any Country that does not make its furniture in the United States," Trump said.

The White House later said Trump had signed a proclamation that imposes a 10 percent global tariff on imports of softwood lumber. He also imposed a 25 percent global tariff on certain upholstered furniture, rising to 30 percent on January 1, 2026. And Trump imposed a 25 percent global tariff on kitchen cabinets and vanities, which will increase to 50 percent on January 1.

However, the U.K., European Union (EU), and Japan, which have reached trade deals with the Trump administration, will receive lower preferential rates."

It could be really bad in mid term elections next year for GOP. Between healthcare problems and inflation? God only knows.

Maybe the magic bed will fix it.

 

[azbassman21]

"On Monday, Trump had referenced China in a post on Truth Social about new furniture tariffs.


"In order to make North Carolina, which has completely lost its furniture business to China, and other Countries, GREAT again, I will be imposing substantial Tariffs on any Country that does not make its furniture in the United States," Trump said.

The White House later said Trump had signed a proclamation that imposes a 10 percent global tariff on imports of softwood lumber. He also imposed a 25 percent global tariff on certain upholstered furniture, rising to 30 percent on January 1, 2026. And Trump imposed a 25 percent global tariff on kitchen cabinets and vanities, which will increase to 50 percent on January 1.

However, the U.K., European Union (EU), and Japan, which have reached trade deals with the Trump administration, will receive lower preferential rates."

It could be really bad in mid term elections next year for GOP. Between healthcare problems and inflation? God only knows.

Maybe the magic bed will fix it.

I'd love to see what drivel producing scum publication you pulled this from. Oh, Newsweek, even worse.

 

[Zoe]

I'd love to see what drivel producing scum publication you pulled this from. Oh, Newsweek, even worse.

It's okay. We are in deflation. Who cares about inflation anyway?

Tariffs are a hoax. I don't know what is wrong with these people.

It is all made up stuff from left wing radicals. They are stupid.

 

[Carnivore]

Interesting thread on tariffs. AND TRADE BARRIERS Here is what we don't know: We don't know what the tariff and TRADE BARRIERS were before trump started' I emphasis the trade barriers on purpose because it is an issue.

NC Furniture business did take a huge hit a long time ago before Trump' Lot's of jobs were lost .
Below is the current NC Furniture Business in NC
----------------------------------------------------------AI
North Carolina still has a furniture manufacturing industry, but it’s been through some serious ups and downs.


What’s the current state?

• North Carolina remains a key player in U.S. furniture production, especially in areas like High Point, which hosts one of the largest furniture markets in the world.
• However, the industry has shrunk significantly over the past few decades due to offshoring—many companies moved production to countries like China and Vietnam, where labor and materials are cheaper.

Impact of tariffs

• President Trump recently imposed steep tariffs on imported furniture—30% on upholstered furniture and 50% on kitchen cabinets—to counteract what he calls “unfair flooding” of foreign products into the U.S..
• These tariffs are intended to revive domestic manufacturing, especially in places like North Carolina, which he claims “completely lost its furniture business to China and other countries”.
• Industry experts are cautiously optimistic but warn that rebuilding domestic capacity will take time and investment. Rising prices due to tariffs could help local manufacturers compete, but they also risk increasing costs for consumers.

Bottom lineNorth Carolina hasn’t lost its furniture industry entirely—but it’s been hollowed out. The new tariffs are a bold attempt to bring it back, though whether they’ll succeed depends on how companies and consumers respond.

 

[ucbruin]

The masses want inexpensive....

 

[Charles West]

All our furniture was replaced diring the house remodel in '16, not a stick of imported chit, all handcrafted in the good old USA. $120,000 worth. The only thing imported was the crystals in the dining area chandelier.