Tariffs are Taxes
@jmatsby.bsky.social
Licensed Customs Broker.
Reposted by Tariffs are Taxes
A reminder: Tariffs are a regressive tax. The anti-Robin Hood.
Trump's current tariff settings effectively impose a tax rate on low-income households that's roughly TRIPLE that on high-income folks. That's not the way taxes are supposed to work.
[source: budgetlab.yale.edu/research/sta...
Trump's current tariff settings effectively impose a tax rate on low-income households that's roughly TRIPLE that on high-income folks. That's not the way taxes are supposed to work.
[source: budgetlab.yale.edu/research/sta...
November 18, 2025 at 11:59 PM
A reminder: Tariffs are a regressive tax. The anti-Robin Hood.
Trump's current tariff settings effectively impose a tax rate on low-income households that's roughly TRIPLE that on high-income folks. That's not the way taxes are supposed to work.
[source: budgetlab.yale.edu/research/sta...
Trump's current tariff settings effectively impose a tax rate on low-income households that's roughly TRIPLE that on high-income folks. That's not the way taxes are supposed to work.
[source: budgetlab.yale.edu/research/sta...
Reposted by Tariffs are Taxes
“.. it just doesn’t make financial sense for us to offer discounts because our costs of goods are so high because of the tariffs ..”
@bloomberg.com
www.bloomberg.com/news/article...
@bloomberg.com
www.bloomberg.com/news/article...
November 12, 2025 at 2:27 PM
“.. it just doesn’t make financial sense for us to offer discounts because our costs of goods are so high because of the tariffs ..”
@bloomberg.com
www.bloomberg.com/news/article...
@bloomberg.com
www.bloomberg.com/news/article...
Reposted by Tariffs are Taxes
Retailers are preparing for a holiday season clouded by tariffs, inflation and economic uncertainty. Consumers will see higher prices, fewer deep discounts and tighter inventory in some categories.
Will the price be right? What shoppers can expect for the holiday season
Retailers are preparing for a holiday season clouded by tariffs, inflation and economic uncertainty. Consumers will see higher prices, fewer deep discounts and tighter inventory in some categories.
trib.al
November 12, 2025 at 2:35 PM
Retailers are preparing for a holiday season clouded by tariffs, inflation and economic uncertainty. Consumers will see higher prices, fewer deep discounts and tighter inventory in some categories.
Reposted by Tariffs are Taxes
Today from me: Come for the cat picture, stay for the exploration of how specialty grocery stores serving immigrant diasporas are seeing the most concentrated impact from super-high tariffs on places like Myanmar and Bangladesh. www.nytimes.com/2025/11/11/b...
Where the Taste of Home Comes With a Tariff Charge
www.nytimes.com
November 11, 2025 at 4:24 PM
Today from me: Come for the cat picture, stay for the exploration of how specialty grocery stores serving immigrant diasporas are seeing the most concentrated impact from super-high tariffs on places like Myanmar and Bangladesh. www.nytimes.com/2025/11/11/b...
Reposted by Tariffs are Taxes
Groceries saw their biggest jump in nearly three years last month, a worrisome sign for inflation-weary shoppers. Tariffs are contributing to higher prices for imported staples like bananas and coffee.
Grocery prices have jumped up, and there's no relief in sight
Groceries saw their biggest jump in nearly three years last month, a worrisome sign for inflation-weary shoppers. Tariffs are contributing to higher prices for imported staples like bananas and coffee.
n.pr
November 9, 2025 at 3:47 PM
Groceries saw their biggest jump in nearly three years last month, a worrisome sign for inflation-weary shoppers. Tariffs are contributing to higher prices for imported staples like bananas and coffee.
Reposted by Tariffs are Taxes
Generations have worked family farms in the U.S. Now, with costs high, prices low and tariffs causing additional difficulties, farmers say they're at risk of losing it all.
Generations work on family farms. With costs high and prices low, farmers worry they may lose it all.
Generations have worked family farms in the U.S. Now, with costs high, prices low and tariffs causing additional difficulties, farmers say they're at risk of losing it all.
cbsn.ws
November 10, 2025 at 1:00 AM
Generations have worked family farms in the U.S. Now, with costs high, prices low and tariffs causing additional difficulties, farmers say they're at risk of losing it all.
Reposted by Tariffs are Taxes
How Trump’s tariffs are crushing small businesses while big retailers weather the costs
How Trump’s tariffs are crushing small businesses while big retailers weather the costs
While large retailers like Walmart and Amazon are mostly brushing off Trump's tariffs, small businesses are being crushed under the weight of them.
cnb.cx
November 7, 2025 at 4:44 PM
How Trump’s tariffs are crushing small businesses while big retailers weather the costs
Reposted by Tariffs are Taxes
The great tariff shakedown
The great tariff shakedown
The economists tried to warn us.
buff.ly
November 2, 2025 at 1:20 PM
The great tariff shakedown
Reposted by Tariffs are Taxes
Inflation and tariffs are raising the price of shelf-stable food just when the most vulnerable Americans need to stock up, @yeahyeahyasmin.bsky.social reports.
America’s Grocery Lifeline Is Fraying
Inflation and tariffs are hitting canned food just when the most vulnerable Americans need to stock up.
bit.ly
November 1, 2025 at 3:15 AM
Inflation and tariffs are raising the price of shelf-stable food just when the most vulnerable Americans need to stock up, @yeahyeahyasmin.bsky.social reports.
Reposted by Tariffs are Taxes
“The greater threat to the economy of the United States is not that the Trump Administration’s tariffs will be struck down, but that they will be allowed to remain in place.”
I am proud to join 480 economist colleagues across the political spectrum, incl. 9 Nobel laureates, in signing this letter.
I am proud to join 480 economist colleagues across the political spectrum, incl. 9 Nobel laureates, in signing this letter.
465 Economists: Biggest Trade Threat Is If Tariffs Are Left in Place
In the case of Trump v. V.O.S. Selections, the Trump Administration’s submission to the Supreme Court of the United States argues that terminating its sweeping “national emergency” tariffs would have ...
www.ntu.org
October 28, 2025 at 12:50 AM
“The greater threat to the economy of the United States is not that the Trump Administration’s tariffs will be struck down, but that they will be allowed to remain in place.”
I am proud to join 480 economist colleagues across the political spectrum, incl. 9 Nobel laureates, in signing this letter.
I am proud to join 480 economist colleagues across the political spectrum, incl. 9 Nobel laureates, in signing this letter.
Reposted by Tariffs are Taxes
Many farmers support President Trump. But they have been crushed by the effects of his trade war with China.
Now, they’re bewildered by his decision to buy beef from Argentina to bring down prices, which they see as antithetical to his campaign promises.
Now, they’re bewildered by his decision to buy beef from Argentina to bring down prices, which they see as antithetical to his campaign promises.
Frustration grows over Trump bailout of Argentina
President Trump’s decision to bail out Argentina has sparked outrage among U.S. farmers struggling from the trade war with China.
www.washingtonpost.com
October 23, 2025 at 5:30 PM
Many farmers support President Trump. But they have been crushed by the effects of his trade war with China.
Now, they’re bewildered by his decision to buy beef from Argentina to bring down prices, which they see as antithetical to his campaign promises.
Now, they’re bewildered by his decision to buy beef from Argentina to bring down prices, which they see as antithetical to his campaign promises.
Reposted by Tariffs are Taxes
Can you believe it?! The great orange conman lied to us about tariffs!
‘Empty shelves, higher prices’: Americans tell of cost of Trump’s tariffs
US consumers say price rises caused by president’s tariffs contradicts his promise to make life more affordable
www.theguardian.com
October 19, 2025 at 10:59 PM
Can you believe it?! The great orange conman lied to us about tariffs!
Reposted by Tariffs are Taxes
“.. It’s to the point now where .. I could lose everything ... Being a small business owner isn’t worth it when your country turns on you,” said Jared Hendricks, the CEO of Village Lighting, a small business selling Christmas products.
@cnbc.com
www.cnbc.com/2025/10/17/h...
@cnbc.com
www.cnbc.com/2025/10/17/h...
October 17, 2025 at 11:12 AM
“.. It’s to the point now where .. I could lose everything ... Being a small business owner isn’t worth it when your country turns on you,” said Jared Hendricks, the CEO of Village Lighting, a small business selling Christmas products.
@cnbc.com
www.cnbc.com/2025/10/17/h...
@cnbc.com
www.cnbc.com/2025/10/17/h...
Reposted by Tariffs are Taxes
Reposted by Tariffs are Taxes
What a cluster: "One of Europe’s biggest farm machinery firms halts US exports over ‘hidden’ tariffs" www.theguardian.com/business/202...
"You have to get paperwork from the supplier to the supplier to the supplier. That is pretty much impossible"
"You have to get paperwork from the supplier to the supplier to the supplier. That is pretty much impossible"
October 15, 2025 at 6:24 PM
What a cluster: "One of Europe’s biggest farm machinery firms halts US exports over ‘hidden’ tariffs" www.theguardian.com/business/202...
"You have to get paperwork from the supplier to the supplier to the supplier. That is pretty much impossible"
"You have to get paperwork from the supplier to the supplier to the supplier. That is pretty much impossible"
Reposted by Tariffs are Taxes
Tariffs are pushing prices higher and consumers are feeling the hit, Fed's Beige Book shows
Tariffs are pushing prices higher and consumers are feeling the hit, Fed's Beige Book shows
Companies are caught between absorbing the costs or passing them onto customers, according to a Federal Reserve report.
cnb.cx
October 15, 2025 at 6:54 PM
Tariffs are pushing prices higher and consumers are feeling the hit, Fed's Beige Book shows
Reposted by Tariffs are Taxes
Tariff shocks hit small margin, outsourced parts manufacturers hard - and the market power of the auto assembly oligopsonists means they can't necessarily pass these costs on.
Some parts makers don't expect to survive the year.
www.ft.com/content/55d7...
Some parts makers don't expect to survive the year.
www.ft.com/content/55d7...
‘This is existential’: Donald Trump’s tariffs drive US car sector into turmoil
Michigan’s ‘Big Three’ carmakers forecast a combined $7bn tariff-related hit to earnings in 2025
www.ft.com
October 14, 2025 at 1:24 PM
Tariff shocks hit small margin, outsourced parts manufacturers hard - and the market power of the auto assembly oligopsonists means they can't necessarily pass these costs on.
Some parts makers don't expect to survive the year.
www.ft.com/content/55d7...
Some parts makers don't expect to survive the year.
www.ft.com/content/55d7...
Reposted by Tariffs are Taxes
Just a reminder that the Constitution gives Congress the power to set tariffs. It could end this madness any day they chose to discover their power.
October 10, 2025 at 4:44 PM
Just a reminder that the Constitution gives Congress the power to set tariffs. It could end this madness any day they chose to discover their power.
Reposted by Tariffs are Taxes
SCOTUS could still declare emergency tariffs illegal — which would be a fun cherry on this sundae. 🍨
October 10, 2025 at 5:23 PM
SCOTUS could still declare emergency tariffs illegal — which would be a fun cherry on this sundae. 🍨
Reposted by Tariffs are Taxes
Fox: Roasted coffee prices are up 22% in the past year. There's a 50% tariff on coffee from Brazil. That's the nation's biggest coffee supplier. Take a look at this bag right here. The container that bag came in is costing this coffee shop $68,000 more than it did over the summer
October 8, 2025 at 2:12 PM
Fox: Roasted coffee prices are up 22% in the past year. There's a 50% tariff on coffee from Brazil. That's the nation's biggest coffee supplier. Take a look at this bag right here. The container that bag came in is costing this coffee shop $68,000 more than it did over the summer
Reposted by Tariffs are Taxes
From NYT Business:
Trump’s tariffs on timber, wood, furniture and kitchen cabinets could raise the cost of building and buying a home.
www.nytimes.com/2025/10/02/b...
Trump’s tariffs on timber, wood, furniture and kitchen cabinets could raise the cost of building and buying a home.
www.nytimes.com/2025/10/02/b...
New Tariffs Could Worsen America’s Housing Crisis
www.nytimes.com
October 6, 2025 at 6:37 PM
From NYT Business:
Trump’s tariffs on timber, wood, furniture and kitchen cabinets could raise the cost of building and buying a home.
www.nytimes.com/2025/10/02/b...
Trump’s tariffs on timber, wood, furniture and kitchen cabinets could raise the cost of building and buying a home.
www.nytimes.com/2025/10/02/b...
Reposted by Tariffs are Taxes
NEW from me:
In his 2nd term, Trump has pursued the largest trade war in modern US history—with 1 glaring omission. Computer imports are almost entirely exempt from tariffs
It's a special carveout that AI companies are now reliant on for their data center buildout🧵
www.apricitas.io/p/the-tariff...
In his 2nd term, Trump has pursued the largest trade war in modern US history—with 1 glaring omission. Computer imports are almost entirely exempt from tariffs
It's a special carveout that AI companies are now reliant on for their data center buildout🧵
www.apricitas.io/p/the-tariff...
The Tariff Exemption Behind the AI Boom
Data Centers get Tariff-Free Imports. Why Shouldn't we All?
www.apricitas.io
October 5, 2025 at 2:50 PM
NEW from me:
In his 2nd term, Trump has pursued the largest trade war in modern US history—with 1 glaring omission. Computer imports are almost entirely exempt from tariffs
It's a special carveout that AI companies are now reliant on for their data center buildout🧵
www.apricitas.io/p/the-tariff...
In his 2nd term, Trump has pursued the largest trade war in modern US history—with 1 glaring omission. Computer imports are almost entirely exempt from tariffs
It's a special carveout that AI companies are now reliant on for their data center buildout🧵
www.apricitas.io/p/the-tariff...
Reposted by Tariffs are Taxes
US prices behaving pretty much as you'd expect after tariffs, not least given time lags and the various mark-ups on top of import costs www.ft.com/content/f4bd...
Impact of Trump tariffs is beginning to show in US consumer prices
Trade levies are starting to drive up costs for goods from cans of soup to car parts
www.ft.com
October 5, 2025 at 3:27 PM
US prices behaving pretty much as you'd expect after tariffs, not least given time lags and the various mark-ups on top of import costs www.ft.com/content/f4bd...
Reposted by Tariffs are Taxes
Aren’t tariffs just wonderful? First, you tell everybody that somebody else pays them. Then you create confusion about how high they will be. Then you set tariffs at absurd levels. You act surprised when countries object. When your farmers complain you use all the tariff revenue to appease them.
Get ready for the next big bailout
Trump's tariffs are wrecking the agribusiness economy — again.
open.substack.com
September 30, 2025 at 4:23 PM
Aren’t tariffs just wonderful? First, you tell everybody that somebody else pays them. Then you create confusion about how high they will be. Then you set tariffs at absurd levels. You act surprised when countries object. When your farmers complain you use all the tariff revenue to appease them.
Reposted by Tariffs are Taxes
Again, getting to $1T/yr in tariff revenues would require ~tripling tariffs from their current level
Either the administration intends to further massively expand their trade war, is just blatantly lying about the revenue projections, or some combination of the two.
Either the administration intends to further massively expand their trade war, is just blatantly lying about the revenue projections, or some combination of the two.
September 30, 2025 at 4:43 PM
Again, getting to $1T/yr in tariff revenues would require ~tripling tariffs from their current level
Either the administration intends to further massively expand their trade war, is just blatantly lying about the revenue projections, or some combination of the two.
Either the administration intends to further massively expand their trade war, is just blatantly lying about the revenue projections, or some combination of the two.