The US Bureau of Labor of Statistics will be releasing its June inflation data this Tuesday, with economists forecasting a slight uptick in consumer prices because of the impact of tariffs. FRANCE 24 spoke to Nela Richardson, Chief Economist at ADP, about the impact of import duties on US inflation. Also in this edition: the French government considers a spending freeze in a bid to find €40 billion in savings and cut the deficit.
Whether it affects inflation or not, it is having a negative impact on my small business. I own a brick and mortar game shop, people are spending far less than normal. They are worried about food and other necessities to be able to spend on leisure.
January and June are the only two months I have not had to play rent and other bills for the shop out of savings. I have not had to do that for 6 years, not even during COVID.
Fed alresdy stated they’d have shifted rates lower if it wasn’t for Trump, this suggests his policies already are causing inflation
It will add to inflation domestically. Because it’s a tax on US consumers. An illegal one. Never voted on.
The country voted for it on November 5th, 2024. It’s not like Trump was being subtle about his intention to impose tariffs broadly. Being woefully uneducated about the effects of Trump’s tariffs is no excuse, the majority of
AmericansAmerican voters wanted this.We are a deeply stupid country. No denying that. We still dont have universal healthcare. And we elected a failed gameshow host. Twice.
But you’d think after the first round was a complete failure that he’d find a new project. That shouldn’t surprise me tho. Guess now it’s just a money making scheme. Insider trading.
Place your bets folks. Will they cook the books and by how much?
“finally”… It already has.
