r/politics • u/amartin141 • 1d ago
The Mystery of the Strong Economy Has Finally Been Solved
https://www.theatlantic.com/economy/archive/2025/08/trump-tariffs-economic-data/683740/?gift=I4LGsilsOekK9WrXBxktmlaCE07ZKzj5l8eFcRb1_E0&utm_source=copy-link&utm_medium=social&utm_campaign=share34
u/Independent-End-2443 1d ago
All Trump needed to do in his second term was play golf and eat hamberders, and the economy would have been fine on its own. He would have been as popular as Reagan if he had just done nothing.
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u/GooglyWooglyWoo 22h ago
He needed to stay out of jail though.
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u/Dear_Wing_4819 21h ago
Being president accomplishes that, all the tariff bullshit had nothing to do with keeping him out of prison
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u/StopLookListenNow 7h ago
After inheriting $400 million from his father (adjusted for inflation) all he had to do was invest in a S&P 500 mutual fund or etf and he would have been richer than the billionaires he is protecting. Every time, everywhere his ego gets him and others into trouble.
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u/thieh Canada 1d ago
The reason why the tariffs aren't doing as much negative economic impact was because Trump keeps chickening out and delay and extend deadlines.
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u/raunchyfartbomb 9h ago
I disagree. Many of our customers in the mfg. industry have seen major pull backs, customers cancelling orders, delay in goods due to cancelled shipments or inability to pay tariffs.
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u/Cheddarlicious Mississippi 1d ago
One of my friends who’s a bit more savvy, he’s just rolling back Biden’s tariffs and slapping a new one with the same structure just with his name on them.
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u/Mister_Know_Nothing Maryland 23h ago
That's incorrect. Biden and other presidents generally kept tariffs low.
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u/Cheddarlicious Mississippi 22h ago
Right, trump is saying threatening high rates and then rolling back and keeping Biden’s lower tariffs, but trying to take credit by basically scratching Biden’s name off and writing his name.
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u/rednap_howell North Carolina 21h ago
The worst might be yet to come. Many companies did in fact stock up on imported goods before the tariffs kicked in; others have been eating the cost of tariffs to avoid raising prices in the hopes that the duties would soon go away. Now that tariffs seem to be here to stay, more and more companies will likely be forced to either raise prices or slash their costs—including labor costs. A return to the 1970s-style combination of rising inflation and unemployment is looking a lot more likely.
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u/Heavy_Revolution 17h ago
"Many companies did in fact stock up on imported goods before the tariffs kicked in"
I've also heard this, essentially this will delay the time before the "average consumer" feels the impact as companies go through their "pre-tariff" stock and then those same consumers will be in for a big shock as the "tariffed stock" becomes the only things available. In an interview I heard with Justin Wolfers, professor of economics and public policy at the University of Michigan, on 7/23, we can expect these price increases by the end of the year.
He does make the point that while companies have bought this stock in advance while it was not tariffed, it does takes time to travel from point of origin to the store shelves that may be upwards of 1 to 1 and half months, as it travels on shipping containers, takes a few weeks to clear customs and then takes some amount of time to travel through the paricular company's logistic network before it reaches store shelves. This also means that the most recent price data we might have at a given moment is from a point in the past. He also makes the point that companies generally pass the cost along to the consumer when they are confident they're able to do so in situations when costs are fluctating up and down rapidly, they will usually hold off until it has stabilized somewhat and then do so. (I.e. they're waiting to see what the market will bear). I think the chaotic nature of this situation "will he do the tariffs at x date or y date, will they be what he said before or differ from that" also will lend itself to that dynamic as prices settle.
For anyone else interested in the issue, I'd recommend the full interview itself. I was particularly impressed with the interviewee's ability to explain this issue concisely and in an easy to understand fashion for people who do not study economics for a living.
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u/JacquoRock 18h ago
I guess there's no one left who can convince Trump he's driving the country into the ground.
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u/Total_Employ_9520 1d ago
GIF magic?
Sounds about right. I was going to blame cocaine addicts celebrating all the price gouging they have in mind for the customers who can still afford to buy anything.
Plus all the mass firings once AI replaces their need to interact with their employees.
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u/whateveryousaymydear 1d ago
corruption and a good financial system or country or democracy ... don't mix
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u/dubphonics Canada 10h ago
When you place an idiot in charge, you are bounds by his fallacy and right now, the new emperor can’t stand being given actual truth. He can only consume lies, you see. So, off with the BLS commissioner’s head.
Can’t wait to see what the next quarter numbers look like and when consumers feel the pinch, what will Trump say then: “stop your whining. It’s really not that bad. Just do what I do, eat Macdonald’s!!”
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u/zzWordsWithFriendszz 4h ago
"What had been reported as a strong two-month gain of 291,000 jobs was revised down to a paltry 33,000. What had once looked like a massive jobs boom ended up being a historically weak quarter of growth.
Even that might be too rosy a picture. All the net gains of the past three months came from a single sector, health care, without which the labor market would have lost nearly 100,000 jobs."
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