Economists were wrong about tariffs. They need to figure out why.

[lostincalifornia]

31. They haven't been fully implemented, and temporarily companies have been

Last edited Fri Oct 10, 2025, 03:50 PM - Edit history (1)

bearing the cost, but they are now starting to slip to the consumer.

This economy right now is being supported by 40% of the most affluent consumers, while 60% are having a difficult time of making ends meet.

You haven’t seen anything yet because everything is in a state of flux and changing daily.

This is the elephant in the room that many have been trying to avoid.

This morning it was all brought into focus when trump used his social posts to start to push again higher tariffs on China, and that was just on his threats.

Speculative excesses helped give us the Great Depression, and tariffs and trade wars made it last much longer than it needed to be.

Consumers will eventually be paying for these tariffs, and yes, Lawrence is right, tariff's are a tax that are paid for by the American public.

He can play the game that will give those over 65 up to 12000 tax deduction, and no tax on tips to offset those increases due to the tariffs, and a promise to bail out the farmers, but no one should be fooled into this con game. The tariffs are not going to pay off the deficit, nor are they going to curb the inflation that is already impacting consumers. Much of those tariffs will pay for the tax breaks for the wealthiest Americans, but what happens to those who are losing their jobs?

Cutting programs that help the most vulnerable in our society is going to have consequences, and we will all pay for it one way or another.