One Year Later… The Tariff Numbers Are In
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Tariffs a year in the life. Yeah, we’ve got a year’s worth of data on tariffs. But first, first, Donald Trump, he just put out that no one is getting tariff checks. No one is. In fact, he said he never promised that. You don’t believe me? Look it up. I never promised tariff checks. People can go back and check the videotape.
Mr. President, they can go back and they can check your truth social posts. you know, forget it. not even worth my time anymore. I don’t even want to comment. Okay. It’s he can say whatever he wants, say whatever he wants and his people are going to believe it. Anyway, yes, we have a year’s worth of economic data since liberation day. Yeah.
are, what your record says you are. Again, it’s quite definitive. Done damage. Since Liberation Day, job growth has come to a standstill. The only, only the non-traded healthcare industry has added to, meaningfully added to payrolls. Inflation has accelerated. Consumer expenditure deflator increased at a 3 % year over year pace. It was 2.5. 2.5 before the tariffs. Again, the Fed’s number is 2%. That’s their target rate, which again, my opinion is nonsensical. And the trend lines.
No bueno.
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No bueno. And again, with the situation with the Iran war, it could get it can get pretty ugly. Could actually do a hell of a lot more damage with you know, going along with the tariffs, undermining growth and pushing inflation higher. Yeah, lot of corporate profits are great. Take a look at a lot of the tech companies, again, keep pointing to that.
Yeah, we are the leader when it comes to tech. is is tech doing also as well? What are they doing? They’re laying people off. They’re getting much, much leaner, making them more profitable. I used to get that that that question people never so why your company’s laying off workers? Why is the stock going up? Well, they’re bottom line that they’re cutting costs are cutting workers. They found like they can do more with less and that happens. That happens. But this is a cross. It’s been a white collar.
bloodbath when it comes to the tech industry. Again, yeah, AI is playing a part of it, but there’s a myriad of reasons. The tariff number’s not good, and we don’t know what is going to happen moving forward. A quick comment on this as well. There’s another story I was looking at. This was yesterday. I didn’t get to. We had a massive aluminum crisis going on.
talked about this before there was the aluminum plant that caught fire in Oswego, New York, and it’s it’s still not supposed to get back online until the end of June. And July, you have companies out there that are begging for terror for leaf when it comes to aluminum and the administration. They won’t budge. I actually found out something interesting as well.
You know, it’s national security concern got the aluminum here. We’re talking aluminum from Canada that’s being tariffed You know, know why that those some of those aluminum plants were actually put there do you know that we? Rec as a nation we did it by design We did it by design because of the year they were near places where they can get hydropower
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and it was gonna be more efficient. So we actually wanted those plants to be there back in the day. Again, true believers are gonna keep believing. know he, president keeps saying he’s gonna be adding more tariffs. They’re looking into Europe or what are they? What did they just say they’re gonna add? What is it? 25%, 50 % on European cars? I don’t know. Anything that has to be imported. Who knows?
at this point in time. But again, nothing wrong with being wrong. You just have to walk away. And in fact, in case the president he can maybe declare victory, blame it on the Supreme Court and still walk away. But he’s not doing that either. Watchdog on wall street.com
