‘Sneakflation’: How Trump’s tariffs are gradually raising costs for American consumers | CNN Business
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When tariffs are tacked on to many imported goods, someone’s got to foot the bill.
  • joekar1990@lemmy.worldEnglish
    13·
    22 hours ago

    Most economists I was reading when trump put the tariffs on in April said those would happen as it worked through the supply chain most likely by Q4. He just started and paused it near the start of a month so there lagging data shows favorable. The larger companies had the cash flow to front load incoming inventory and the smaller companies got hit hard. Now that companies have burned through initial stock and tariffs are being figured for a 10-20% baseline instead of being removed completely prices will go up. No company is going to eat that much in additional cost and now that things are set companies will plan accordingly. Aug should see a rise in inflation since tariffs kicked in Aug 4 and you’ve already seen companies say prices will rise because of tariffs.

    • turtlesareneat@discuss.onlineEnglish
      12·
      21 hours ago

      And it seems awfully like the AI bubble is about to correct which means the stock market will notice what we all know too well. Stagflation is here.

      • The Quuuuuill@slrpnk.netEnglish
        9·
        21 hours ago

        this is something far more intensive than stagflation. they’ll say it’s just stagflation at first, but this is a full blown economic depression. not even just a recession. we’re talking full blown economic collapse a la the 1930s or 1840s

        • shalafi@lemmy.worldEnglish
          4·
          17 hours ago

          The parallels are stunning, both political and economic. Seems we have to do this shit every hundred years, after the very last of the people who remember the last phase have died.