The real reason for the tariffs

[Incogneeto]

I always wear a seat belt (my car won't shut up ringing if I don't).

So where's the inflation from tariffs? All the experts ridiculing Trump. Trump was right, up to this point. Let's see what the July CPI and PPE numbers are.

On the lighter side.

Gas here is $2.50 a gallon.

And Eggs are $2.99 a dozen for JUMBO.

Coffee at $13.95 now down to $10.95.

    

[neurosis]

Didn't those crazy economists say this was going to happen? 

Same thing that happened with appliances last time around.

American Steel Just Got More Expensive. Buyers Blame Tariffs.

https://archive.ph/V8wJh

Steel producers like Cleveland Cliffs and Steel Dynamics both said this week that they raised prices after President Trump imposed a 50 percent tariff on imports.

"Two big American producers, Cleveland-Cliffs and Steel Dynamics, reported on Monday that they had charged more for their products in the second quarter of this year than they did in the first quarter.

About a fifth of the steel sold in the United States is imported. The steel tariffs, which were raised last month to 50 percent from 25 percent, have made imports of the metal much more expensive, giving American steel mills the leeway to increase their prices. And as imports have declined, American producers have more power to opportunistically increase their prices, buyers said.

"You always see that as one of the traps of a tariff," said John O'Leary, the chief executive of Daimler Truck North America, which buys large amounts of steel to make Freightliner and Western Star trucks and Thomas Built school buses. American steel makers, he said, now have "more headroom to be able to raise the price.""

In the second quarter, the average price of Steel Dynamics' steel was $1,134 per ton, up from $998 in the first quarter. Cleveland-Cliffs sold steel for an average price of $1,015 a ton in the second quarter, up from $980 in the first quarter. Government price data shows that domestic steel producers have raised prices 16 percent this year.

American-made steel is the most expensive in the world, and some analysts say domestic producers have gained a tight grip on American trade policy that allows them to charge more.
"It's just pure protectionism and cronyism," said Scott Lincicome, a vice president for trade policy at the Cato Institute, a research organization that favors free markets.

[Del.]

Dr. Doom

[Incogneeto]

https://archive.ph/2QmSI    

[neurosis]

Dr. Doom

At least the price of eggs are coming down? 

[Del.]

Suck it!!

https://www.cnn.com/2025/07/23/business/trump-trade-deals

[neurosis]

Suck it!!

Yes, read between the lines on that.

" Or as TD Securities Analyst Chris Krueger put it: Trump has shifted the Overton window – the range of outcomes that the public is willing to accept.

"(A) 15% tariff on the US's fifth-largest trading partner? Better than 25%," Kruger said in a note to investors. "


Basically, we've become so numb to his constantly moving the tariff goal posts, that we see a massive tax hike, as being better than a more massive tax hike. 

[Smit]

Yes, read between the lines on that.

There ain't no "between the lines" there. He pretty much flat out says it.

[MIL-TFP-41]

So where's the inflation from tariffs? All the experts ridiculing Trump. Trump was right, up to this point. Let's see what the July CPI and PPE numbers are.

I'm not an expert but I do buy the majority of tooling for a pretty decent sized shop. On average, tooling is costing 10-20% more than it did a year ago. Typically you might see a 3-5% jump year to year, this year has been crazy. Kennametal, YG, Mitsubishi, Sandvik, Iscar, GWS...the list goes on & on have sent me multiple notifications about price increases this year. Typically I get maybe one notification a year from each company. Now I get one every other month. Every one of their notifications puts it on the tariff situation.

Don't get me started on the increasing cost on maintenance parts. A Deublin rotary union that cost $600 last year is now $800, if you can find one.

So that is where I am seeing inflation from the tariffs, and yes I put the blame on Trump & his tariff's. 

[neurosis]

I'm not an expert but I do buy the majority of tooling for a pretty decent sized shop. On average, tooling is costing 10-20% more than it did a year ago.

I do most of the tooling purchases for our shop, and I've seen the same. Some of the places we purchase from have added a line for tariff surcharges.

I assume that this is going to trickle over in to consumer products at some point.

[Incogneeto]

I'm laughing.

Maybe you should do just a little research.

How about Pre-Biden vs Post Biden.

It was called Bidenflation.

[neurosis]

Maybe you should do just a little research.

Some of the places we purchase from have added a line for tariff surcharges.

[Del.]

Dr. Doom!

[Incogneeto]

I guess that makes it O'fishal.

Unlike being Fooked by Biden.

Nobody was taking Notes I guess.  

A loooong Four years of notes.

Biden's tariff was 25% nobody is mentioning that.  

[Incogneeto]

Dr. Doom!

I prefer.

"The Joker"

It fits better.