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.

[LumRaiderFan]

19 hours ago, Big girl said:

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

It was not a horrible idea, you simply think it was because it was Trump.

[DCT]

39 minutes ago, LumRaiderFan said:

It was not a horrible idea, you simply think it was because it was Trump.

AI Overview

 

Increasing tariffs is widely considered a bad idea by most economists

, as it can lead to higher consumer prices, reduced economic growth, and a loss of jobs, according to 

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, 

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, and 

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. Tariffs are regressive, disproportionately harming low-income households, and can hurt domestic businesses that rely on imported goods, says 

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 and this NPR article. While some argue tariffs can protect specific domestic industries, this often comes at the cost of efficiency and can lead to retaliation from other countries, notes 

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. 

Potential drawbacks 

• Higher prices for consumers:

  Companies often pass the cost of tariffs on to customers, leading to higher prices for goods. 

   

• Reduced efficiency: 

  Tariffs can create inefficiencies for the protected industries and for the supply chain partners they depend on. 

   

• Retaliation: 

  Other countries may respond by imposing their own tariffs on a nation's exports, which can harm those export-oriented industries. 

   

• Decreased innovation: 

  Protecting industries from competition can sometimes reduce the incentive to innovate and improve. 

   

• Potential for economic harm: 

  In the long run, tariffs could potentially lead to a decline in a country's overall production. 

[LumRaiderFan]

13 minutes ago, DCT said:

AI Overview

 

Increasing tariffs is widely considered a bad idea by most economists

, as it can lead to higher consumer prices, reduced economic growth, and a loss of jobs, according to 

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, 

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, and 

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. Tariffs are regressive, disproportionately harming low-income households, and can hurt domestic businesses that rely on imported goods, says 

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 and this NPR article. While some argue tariffs can protect specific domestic industries, this often comes at the cost of efficiency and can lead to retaliation from other countries, notes 

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• or
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. 

Potential drawbacks 

• Higher prices for consumers:

  Companies often pass the cost of tariffs on to customers, leading to higher prices for goods. 

   

• Reduced efficiency: 

  Tariffs can create inefficiencies for the protected industries and for the supply chain partners they depend on. 

   

• Retaliation: 

  Other countries may respond by imposing their own tariffs on a nation's exports, which can harm those export-oriented industries. 

   

• Decreased innovation: 

  Protecting industries from competition can sometimes reduce the incentive to innovate and improve. 

   

• Potential for economic harm: 

  In the long run, tariffs could potentially lead to a decline in a country's overall production. 

lol, thanks for the AI opinion.

 

[DCT]

17 minutes ago, LumRaiderFan said:

lol, thanks for the AI opinion.

 

It was a horrible idea.  All the boxes have been checked.

[LumRaiderFan]

2 hours ago, DCT said:

It was a horrible idea.  All the boxes have been checked.

“often pass”

”can create”

”may respond”

”can sometimes reduce”

”could potentially lead”

That’s quite a list, lol.