The U.S. and India moved closer to a trade pact on Friday, releasing an interim framework that would lower tariffs, reshape energy ties and deepen economic cooperation. https://www.japantimes.co.jp/business/2026/02/07/economy/us-india-interim-trade-framework/?utm_medium=Social&utm_source=mastodon #business #economy #india #us #donaldtrump #trade #tariffs

The U.S. and India moved closer to a trade pact on Friday, releasing an interim framework that would lower tariffs, reshape energy ties and deepen economic cooperation. https://www.japantimes.co.jp/business/2026/02/07/economy/us-india-interim-trade-framework/?utm_medium=Social&utm_source=mastodon #business #economy #india #us #donaldtrump #trade #tariffs

"Rather than reducing prices,🚨China simply found other buyers for their goods.🚨Consequently, these data imply that US consumers and individuals are likely bearing most, if not all, of the tariff on Chinese goods."
-S Lincicome

Trump continues to lie about his #tariffs, #allies, the #economy.... everything.
#China #TrumpRegime #Lies #Kakistocracy #Kleptocracy #Protest #Uprising #USPol
https://www.econlib.org/econlog/the-us-is-a-small-country/

#FactCheck #TrumpLies

#Trump says #tariffs have created an economic miracle.
The #facts tell a different story.

#delusional #economy #inflation #CostOfLiving #affordability #recession #trumpcession
https://apnews.com/article/trump-economy-inflation-tariffs-gdp-fact-check-fc415e879519f14ea5219f00a97994f4?utm_source=onesignal&utm_medium=push&utm_campaign=2026-02-06-Fact+Focus

Authored by Cavallo & two colleagues, it finds that “ #US #consumers were bearing roughly 43% of the tariff-induced border cost after 7 months, with the remainder absorbed mostly by US firms.” Cavallo said by email that import prices hadn’t fallen much, “which suggests foreign exporters did not reduce their pre-tariff prices enough to shoulder a large share of the burden.″

#delusional #Trump #economy #tariffs #inflation #CostOfLiving #affordability #recession #trumpcession #FactCheck #TrumpLies

CLAIM: “The data shows that the burden, or ‘incidence,’ of the #tariffs has fallen overwhelmingly on foreign producers & middlemen, including large corporations that are not from the #US. According to a recent study by the Harvard Business School, these groups are paying at least 80% of tariff costs.”

THE FACTS: The study #Trump cited appears to conclude the opposite of what Trump claimed.

#delusional #economy #inflation #CostOfLiving #affordability #recession #FactCheck #TrumpLies

Alberto Cavallo, an economist at Harvard & the author of a study on the impact of #tariffs [stupidly] cited by #Trump in his op-ed, has found that Trump’s tariffs have boosted overall #inflation by roughly three-quarters of a percentage point.

#delusional #economy #CostOfLiving #affordability #recession #trumpcession #FactCheck #TrumpLies

Authored by Cavallo & two colleagues, it finds that “ #US #consumers were bearing roughly 43% of the tariff-induced border cost after 7 months, with the remainder absorbed mostly by US firms.” Cavallo said by email that import prices hadn’t fallen much, “which suggests foreign exporters did not reduce their pre-tariff prices enough to shoulder a large share of the burden.″

#delusional #Trump #economy #tariffs #inflation #CostOfLiving #affordability #recession #trumpcession #FactCheck #TrumpLies

CLAIM: “The data shows that the burden, or ‘incidence,’ of the #tariffs has fallen overwhelmingly on foreign producers & middlemen, including large corporations that are not from the #US. According to a recent study by the Harvard Business School, these groups are paying at least 80% of tariff costs.”

THE FACTS: The study #Trump cited appears to conclude the opposite of what Trump claimed.

#delusional #economy #inflation #CostOfLiving #affordability #recession #FactCheck #TrumpLies

Alberto Cavallo, an economist at Harvard & the author of a study on the impact of #tariffs [stupidly] cited by #Trump in his op-ed, has found that Trump’s tariffs have boosted overall #inflation by roughly three-quarters of a percentage point.

#delusional #economy #CostOfLiving #affordability #recession #trumpcession #FactCheck #TrumpLies

The impact of the #Trump #tariffs can be more clearly seen in core goods prices, which also exclude food & energy. Before the pandemic, core goods costs typically barely rose — or even fell — each year, but last December they were 1.4% higher than a year earlier. That was the largest increase, outside the pandemic, since 2011.

#delusional #economy #inflation #CostOfLiving #affordability #recession #trumpcession #FactCheck #TrumpLies

It’s true that #inflation hasn’t been as high as many economists worried it would be when #Trump started rolling out #tariffs last spring, but that is partly because many of the “Liberation Day”tariffs were withdrawn, reduced or riddled with exemptions. When #Democrats won some high-profile #elections last year by highlighting “ #affordability” concerns, the admin rolled back existing or planned tariffs on coffee, beef & cabinets, for example, an acknowledgment that the duties were raising prices

But growth rebounded in the second half of the year. From April through June, the #economy expanded at a healthy 3.8% pace. And from July through September, it grew even faster — 4.4%. A big part of the surge was a drop in #imports, likely reflecting #Trump’s #tariffs as well as the fact that importers had already stocked up at the start of the year. Strong consumer spending also drove economic growth.

#economy #inflation #CostOfLiving #affordability #FactCheck #TrumpLies

The numbers for all of 2025 aren’t out yet. But during the first 3 quarters of the year, Trump’s #tariffs — or the threat of them — delivered mixed results for the #US #economy.

From January to March, US GDP actually shrank for the first time in 3 years. The main culprit was easy to identify: a surge in imports, which are subtracted from GDP, as US companies rushed to buy foreign products before #Trump could impose tariffs on them.

#economy #inflation #CostOfLiving #affordability

Looking back on the first year of his second term, #Trump boasts that he has resurrected the #US #economy by imposing big import #taxes on foreign products.

He made his case in a recent opinion piece in The WSJ, chiding the paper & critics, including mainstream economists, who predicted that #tariffs would backfire, raising prices & threatening growth. “Instead,” Trump wrote, “they have created an American economic miracle.”

But the proof he offers is often off-base or wrong altogether.

The numbers for all of 2025 aren’t out yet. But during the first 3 quarters of the year, Trump’s #tariffs — or the threat of them — delivered mixed results for the #US #economy.

From January to March, US GDP actually shrank for the first time in 3 years. The main culprit was easy to identify: a surge in imports, which are subtracted from GDP, as US companies rushed to buy foreign products before #Trump could impose tariffs on them.

#economy #inflation #CostOfLiving #affordability

Looking back on the first year of his second term, #Trump boasts that he has resurrected the #US #economy by imposing big import #taxes on foreign products.

He made his case in a recent opinion piece in The WSJ, chiding the paper & critics, including mainstream economists, who predicted that #tariffs would backfire, raising prices & threatening growth. “Instead,” Trump wrote, “they have created an American economic miracle.”

But the proof he offers is often off-base or wrong altogether.

#FactCheck #TrumpLies

#Trump says #tariffs have created an economic miracle.
The #facts tell a different story.

#delusional #economy #inflation #CostOfLiving #affordability #recession #trumpcession
https://apnews.com/article/trump-economy-inflation-tariffs-gdp-fact-check-fc415e879519f14ea5219f00a97994f4?utm_source=onesignal&utm_medium=push&utm_campaign=2026-02-06-Fact+Focus

"Rather than reducing prices,🚨China simply found other buyers for their goods.🚨Consequently, these data imply that US consumers and individuals are likely bearing most, if not all, of the tariff on Chinese goods."
-S Lincicome

Trump continues to lie about his #tariffs, #allies, the #economy.... everything.
#China #TrumpRegime #Lies #Kakistocracy #Kleptocracy #Protest #Uprising #USPol
https://www.econlib.org/econlog/the-us-is-a-small-country/