this post was submitted on 13 Feb 2025
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Economics

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Trump says US prices ‘could go up’ as he threatens new tariffs on trade partners (www.theguardian.com)
submitted 2 weeks ago by [email protected] to c/[email protected]
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Summary

Trump announced plans for “reciprocal” tariffs on countries imposing duties on US goods but did not introduce specific measures.

He ordered a Commerce Department review, due in April, to address trade “imbalances.” Trump acknowledged short-term price increases but claimed tariffs would boost US jobs.

He also suggested 100% tariffs on BRICS nations if they undermine the US dollar.

Economists warn tariffs could fuel inflation, which remains at 3%.

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[–] [email protected] 21 points 2 weeks ago (1 children)

This is BIDENS FAULT even though Trump just said it was his Fault!

[–] [email protected] 9 points 2 weeks ago

You are wrong, OBAMA DID IT!!!! (even though we know it was president felon).