Trump Folds Again

[UT alum]

Associated Press reports Trump rescinds tariffs on beef, coffee, and tropical fruits in effort to lower grocery prices.

There’s a lot packed in there.  What happened to short term pain? Tariffs were not going to be inflationary. Why’s he backing off, then? He’s blown his own theories. What happens when that 100% stuff starts? Effective power is not chaotic.

[mat]

Does this mean we won’t got our $2000?😎

[thetragichippy]

11 hours ago, UT alum said:

Associated Press reports Trump rescinds tariffs on beef, coffee, and tropical fruits in effort to lower grocery prices.

If you listen to his explanation, he is trying to get prices down on certain items. We don't produce a lot of coffee and tropical fruits here in the USA.....

I don't think it is a bad move. Tariffs are and have been a negotiating tool for him.

[LumRaiderFan]

46 minutes ago, thetragichippy said:

If you listen to his explanation, he is trying to get prices down on certain items. We don't produce a lot of coffee and tropical fruits here in the USA.....

I don't think it is a bad move. Tariffs are and have been a negotiating tool for him.

Some folks apparently don’t understand the “art of the deal”.

[OlDawg]

I wish there was something that could be done about insurance. Not just medical insurance either. Don't know about y'all, but my home & auto renewals skyrocketed as well. Made a couple calls, and the explanation I was given was too many lawsuits in Harris County nowadays, and climate risk for the house. Heck, even my Homeowner's dues went up 15%. They say it's because of labor costs. I sure don't know what kind of labor they actually pay for except minor pool maintenance in the summer.

I think people are just jacking up rates while they can, and blaming tariffs & immigration crackdowns for a lot. Insurance has always been a scam. It's getting pretty ridiculous.

[thetragichippy]

1 hour ago, OlDawg said:

I wish there was something that could be done about insurance. Not just medical insurance either. Don't know about y'all, but my home & auto renewals skyrocketed as well. Made a couple calls, and the explanation I was given was too many lawsuits in Harris County nowadays, and climate risk for the house. Heck, even my Homeowner's dues went up 15%. They say it's because of labor costs. I sure don't know what kind of labor they actually pay for except minor pool maintenance in the summer.

I think people are just jacking up rates while they can, and blaming tariffs & immigration crackdowns for a lot. Insurance has always been a scam. It's getting pretty ridiculous.

Totally agree. I've mentioned this somewhere, but insurance basically is dictating where I plan on moving. In Jefferson County, a lot of mainstream insurance companies have pulled out, so we have a smaller choice and of course, that means higher prices. 

Hardin county is out of the windstorm for the most part, and you have many more companies to shop, plus the risk is MUCH less for a hurricane damage.  It is still high, but almost 50% cheaper I believe. 

[Big girl]

3 hours ago, thetragichippy said:

If you listen to his explanation, he is trying to get prices down on certain items. We don't produce a lot of coffee and tropical fruits here in the USA.....

I don't think it is a bad move. Tariffs are and have been a negotiating tool for him.

Whatever. It was a horrible idea to increase tarriffs on those items. Trump doesnt have a plan, he just reacts.

[Big girl]

1 hour ago, thetragichippy said:

Totally agree. I've mentioned this somewhere, but insurance basically is dictating where I plan on moving. In Jefferson County, a lot of mainstream insurance companies have pulled out, so we have a smaller choice and of course, that means higher prices. 

Hardin county is out of the windstorm for the most part, and you have many more companies to shop, plus the risk is MUCH less for a hurricane damage.  It is still high, but almost 50% cheaper I believe. 

The same is happening in Houston. A lot of big companies won't insure people in Harris County.