So about those tariffs...

And yet inflation stands at 2.4%
I'm not disputing what the fed say, obviously 'some' of the tariffs are going to go to the end user, but how are they running an inflation rate significantly lower than ours.
Higher prices equals inflation.

Something doesn't add up.
Inflation rate calculation is highly selective. Its like companies who make huge profits but post losses because their accountants shift the costs around.
 
Probably nobody!

The Supreme Court chickened out on that point.

But if the tariffs are refunded, it will presumably be the importer who paid it who gets it back.
Morally the end user, the consumer should. If BP can create a fund to compensate businesses affected by the gulf of mexico oil spill, Trumpf can do it with tariff revenues. US national debt is only 36 trillion after all.
 
Inflation rate calculation is highly selective. Its like companies who make huge profits but post losses because their accountants shift the costs around.
...then legal weasels like 'bi king spend hours explaining why this is all legal.

Feel conned yet?
 
...then legal weasels like 'bi king spend hours explaining why this is all legal.

Feel conned yet?
I've not followed his detailed arguments on that, but it seems to me that accountants are far worse than lawyers in the way they transfers costs to create losses or inflate profits, often between countries, aided and abetted by EU states in competition with each other to bring employment opportunities in. I was amazed when in Rotterdam to see the number of insurance companies based there.
 
The United Kingdom–United States Free Trade Agreement (UKUSFTA) is a proposed free trade agreement between the United Kingdom and the United States

Started in May 2020. In May 2025 an agreement was reached which paved the way for further negotiations.

And now:
The UK could be among the worst hit countries if US president Donald Trump’s new 15% import tariffs go ahead.

So Trump is not honouring the existing agreement.
Why does that come as a surprise?
Who would bother making any agreement with Trump?

The EU is already going to suspend its newly negotiated Trade Deal with the US.
UK needs the combined geopolitical weight of the EU and UK.
 
Donald old chap they're your tariffs, your people pay them, nobody else.
So it's entirely a problem of your own making.

Now run along.
 
Donald old chap they're your tariffs, your people pay them, nobody else.
So it's entirely a problem of your own making.
Only if Americans continue to buy imported goods.
The intention is to discourage Americans buying imported goods, and switch to domestically produced goods.

Of course there is a problem with that, especially in a 150 day window, or even a 4 year window.

And the greater danger for USA is the unreliability and unpredictability of its Foreign policy..
 
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