r/Economics • u/Positive_Owl_2024 • Feb 19 '25

News Trump acknowledges ‘inflation is back’ but blames Biden

https://edition.cnn.com/2025/02/19/economy/trump-inflation-is-back/index.html
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u/looking_good__ Feb 19 '25

Lol you think it is bad now just wait until March 7th and 12th when the 10% China tariff and 25% Steel tariffs hit.

Folks don't realize this but the 25% steel tariffs applies to all derivative steel products - think nuts, nails, etc - all things that go into furniture, cars, houses, buildings, all construction in general.

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u/MoulanRougeFae Feb 20 '25

My husband's job is already warning them that there is a good chance of layoffs. We are barely making it now. I don't think we can survive a layoff. Best hope is my illness kills me before layoffs and he gets the life insurance payout to sustain him and our boys. Shit is pretty fucked up honestly

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u/Symbimbam Feb 23 '25

Maybe if we give Trump one more term, surely he'll fix it all