Blackvegetable » 24 Aug 2025, 11:09 am » wrote: ↑
https://www.cbo.gov/publication/61697
An Update About CBO's Projections of the Budgetary Effects of TariffsPosted by Phill Swagel on August 22, 2025
We estimate that the changes in tariffs, both by the United States and its trading partners, will reduce the size of the U.S. economy. That reduction in output reflects both negative and positive effects: the negative effects of higher tariffs through channels such as reduced investment and productivity, and the positive effects of additional revenues from tariffs on U.S. imports, which would reduce federal borrowing and increase the funds available for private investment.
The increases in tariffs will make consumer goods and capital goods (the physical assets that businesses use to produce goods and services) more expensive, which will reduce the purchasing power of U.S. consumers and businesses. Those increases in costs will put temporary upward pressure on inflation.
The most accurate predictions in the world are virtually worthless right now, and you're obviously too dumb to understand that.
Do YOU know what the final tariff and the final devaluation of the Yuan is going to be when China finally makes a trade deal with Trump? No?
Well, then how about the remaining 50 or more countries that Trump will still be adding tariffs to. Do you have any idea what the tariff amount will be, on which products it will be placed on, or how any of those countries will react to either absorb or pay the tariff or retaliate with an attempt to add reciprocal tariffs on the US?
No?
How about the number of new jobs that will be needed to man the businesses that are either relocating here or transferring the manufacturing of some of their products to be made in the US instead of China, India, or Europe? Any idea how much THAT will add to the US economy? No?
Well, surely then you must know how many jobs will be taken by American citizens as Trump deports tens of thousands of illegals who are currently holding jobs and getting paid in cash from unscrupulous employers, don't you? Also no?
Then what about the windfall of the rebate Trump has spoken about providing to the country, or the affect that lower gas prices or the reduction of interest rates that are sure to change over the next few months? Still "no", huh?
Think maybe the next budget that will be worked on shortly will contain tens or even hundreds of billions worth of new spending cuts that might drastically affect the economy? You don't have a clue there either, do you Eggplant?
But you stupidly think that ANY projection of our economy is worth the paper is printed on now, simply because you're dumb enough to think phony stories like this one you posted are going to hurt Trump, when his approval rating has been steadily improving lately, don't you?
Keep trying, blockhead! Your efforts have already done such good for your crumbling party so far, haven't they?
1 Nomination
ROG62 Sep 01, 2025
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