Trump 2.0: MAGAA

[Caribbean Hen]

Colbert is canceled because they were losing $$ hand over fist. Why? Because the ad dollars weren’t there. Why? Because his show sucked. He went full bore left wing TDS, and wasn’t funny.


https://latenighter.com/news/cbs-report ... this-year/

PBS and NPR were left wing propaganda outlets who had no more business being funded by the taxpayers than right wing talk radio would.

It’s a trend throughout network programming and has many factors other than hurting your MAGA feelings with content.

PBS and NPR were more than just politics but yes, they had a left wing slant at times. Comparing them to conservative talk radio however is laughable. The truth has a liberal bias after all.

Oh well…things change and someone as talented as Colbert can always follow the Conan or Hasan Piker route.

Here are some of their outstanding journalistic achievements.

"In 2020, NPR branded the Hunter Biden laptop story as a “waste of time.” Meanwhile, NPR had no problem covering the fake Steele dossier as part of the Russian collusion hoax meant to hurt President Trump during his first term in office.
Let’s also not forget that NPR not only dismissed the COVID lab leak theory, claiming it had been “debunked.”

[kalm]

It’s a trend throughout network programming and has many factors other than hurting your MAGA feelings with content.

PBS and NPR were more than just politics but yes, they had a left wing slant at times. Comparing them to conservative talk radio however is laughable. The truth has a liberal bias after all.

Oh well…things change and someone as talented as Colbert can always follow the Conan or Hasan Piker route.

Here are some of their outstanding journalistic achievements.

"In 2020, NPR branded the Hunter Biden laptop story as a “waste of time.” Meanwhile, NPR had no problem covering the fake Steele dossier as part of the Russian collusion hoax meant to hurt President Trump during his first term in office.
Let’s also not forget that NPR not only dismissed the COVID lab leak theory, claiming it had been “debunked.”

Psst…hate to break it to ya but all sources can get things wrong. Even Jack Posobeic’s End Wokeness account.
That’s why you’re supposed to approach things with a healthy amount skepticism and critical thinking…inviting your favorites.

[BDKJMU]

Colbert is canceled because they were losing $$ hand over fist. Why? Because the ad dollars weren’t there. Why? Because his show sucked. He went full bore left wing TDS, and wasn’t funny.


https://latenighter.com/news/cbs-report ... this-year/

PBS and NPR were left wing propaganda outlets who had no more business being funded by the taxpayers than right wing talk radio would.

It’s a trend throughout network programming and has many factors other than hurting your MAGA feelings with content.

Late night talk show ad revenue peaked in 2016. And has been going downhill ever since. Hmm, what happened in 2017? Late night talk (Colbert, Fallon, Kimmel, et al ) went full TDS. Like much of the MSM, went from left of center to DNC propagandists with hardly any conservative/conk guests.

[BDKJMU]

Colbert is canceled because they were losing $$ hand over fist. Why? Because the ad dollars weren’t there. Why? Because his show sucked. He went full bore left wing TDS, and wasn’t funny.


https://latenighter.com/news/cbs-report ... this-year/

PBS and NPR were left wing propaganda outlets who had no more business being funded by the taxpayers than right wing talk radio would.

I’m old enough to remember when late night television talkshows were actually funny

Johnny Carson is a legend

He would be able to poke fun at Trump in a way that was funny without being totally deranged and of course he would’ve had some Great Biden impersonations… lots of material there and our biased lying media ignored it because they were not allowed to tell the truth about Democrats

Yep.

-Johnny Carson was the GOAT.
-Jay Leno was the last great one.
-Craig Ferguson (Scottish Guy, CBS late show 2005-2014) was decent.
-Conan O’Brien (mid 90s-2000s on NBC) was ok.

Never really cared for Letterman- thought he was a smug, smarmy lib. But at least he wasn’t a lib propagandist like the current bunch.

The current bunch (Colbert, Fallon, Kimmel, Noah et al) went full blown left wing TDS DNC propagandists, and killed late night comedy.

The highest rated (viewers) late night comedy is Gutfeld, and he blows Colbet/Fallon/Kimmel out of the water.

[kalm]

It’s a trend throughout network programming and has many factors other than hurting your MAGA feelings with content.

Late night talk show ad revenue peaked in 2016. And has been going downhill ever since. Hmm, what happened in 2017? Late night talk (Colbert, Fallon, Kimmel, et al ) went full TDS. Like much of the MSM, went from left of center to DNC propagandists with hardly any conservative/conk guests.

Streaming and podcasting.

You sound like someone who still watches a lot of network TV.

[BDKJMU]

Greatest 1st 6 months of a POTUS in US history! The list is so LONG. 36 more months to go.

*Congress passed the One Big Beautiful Bill, thereby delivering the largest tax cut in American history, increasing Americans’ take-home pay by as much as $13,300, and terminating benefits for at least 1.4 million illegal immigrants who were gaming the system.

*Congress passed President Trump’s historic rescissions package, which will save taxpayers $9 billion in wasteful, politically-motivated funding for leftwing foreign aid scams and biased NPR and PBS.

*The wholesale price of a dozen eggs is down 53%, or $3.09, since the inauguration and is down 62%, or $5.08, from its March peak.

*The U.S. economy has now added a net of 671,000 jobs since January 2025, with jobs numbers beating expectations four months in a row. Native-born workers have accounted for all job gains, with native-born employment increasing 2,079,000 while foreign-born employment has fallen 543,000.

*U.S. Customs and Border Patrol encountered just 6,070 illegal immigrants at the southern border in June — setting a new record low (15% lower than the previous record set in March). Additionally, zero illegal immigrants were released into the U.S. on parole in June, compared to 27,766 a year prior.

*The administration has ramped up deportations, breaking a record for the number of deportation flights in a month in June. President Trump’s self-deportation push has also been a massive success, with roughly 1 million illegal aliens having already self-deported. Additionally, over 600 known and suspected terrorists have been removed from the United States.

*At President Trump’s direction, U.S. Immigrations and Customs Enforcement has arrested over 100,000 illegal alien criminals, including over 2,700 members of the vicious Tren de Aragua gang.

*Following President Trump’s declaration of an energy emergency, the U.S. has reached its fastest rate of new oil and gas drilling permits in years, exceeding the Biden administration by 44%.

*Since President Trump took office, core inflation has tracked at just 2.1% — levels not seen since the first Trump Administration, when prices were low and stable — and has come in below or at economists’ expectations every single month. Meanwhile, wholesale inflation remained flat in June, while import prices came in far below expectations.

*Summer gas prices reached their lowest point since 2021, and, inflation-adjusted, are near a 20-year low.

*President Trump’s deregulatory efforts have already saved Americans over $180 billion, or $2,100 per family of four, with the rollback of automobile-related rules alone expected to save consumers more than $1.1 trillion.

*President Trump secured a historic agreement for NATO members to raise defense spending to 5% of GDP – a foreign policy feat long thought impossible.

*Under President Trump’s strong and decisive leadership, the U.S. obliterated Iran’s nuclear program.

*President Trump secured ceasefires between India and Pakistan and Israel and Iran, a peace agreement between Rwanda and the Democratic Republic of Congo, and a pathway to stability for Syria.

*As a result of his historic peacemaking efforts, President Trump has already received three Nobel Peace Prize nominations since returning to office.

*In May, blue-collar wage growth saw its largest increase in nearly 60 years since President Trump’s return to office.

*Companies and foreign governments have pledged over $7.6 trillion in investments into the U.S.

*The U.S. Treasury has taken in nearly $90 billion in tariff duties since January 2025, with the agency
postinga record $27.2 billion surplus in June – the first June surplus since 2005.

*President Trump has once again proved to be the Dealmaker-in-Chief, inking a minerals deal with Ukraine, a $14 billion “perpetual Golden Share” sale of U.S. Steel, and trade deals with the United Kingdom, China, and Indonesia.

*President Trump has signed over 170 executive orders, delivering on key campaign promises such as closing the border, protecting children from chemical and surgical mutilation, removing men from women’s sports, unleashing American energy, ending federal censorship, ending the radical indoctrination in K-12 schooling, and ending radical and wasteful government DEI programs and preferences.

*The S&P500 and Nasdaq market indices have reached multiple record highs.

*The Supreme Court consistently bolstered the Trump administration’s agenda, blocking activist judges from issuing nationwide injunctions, permitting “third-country deportations,” greenlighting the revocation of temporary protected status (TPS) from more than 500,000 migrants and approving efforts to shrink the federal bureaucracy.

*President Trump signed a slew of landmark legislation, including the Genius Act, the Halt Fentanyl Act, the Laken Riley Act, and the Take It Down Act.

*The U.S. Army, Navy, Air Force and Space Force all reached their recruitment goals months in advance.

*The Trump administration has made incredible strides in its effort to Make America Healthy Again, with roughly 35% of the American food industry making a commitment to eliminate the use of artificial dyes, including Hershey, Consumer Brands and dozens of ice cream companies representing more than 90% of the ice cream volume sold in the U.S.

*President Trump has ensured U.S. benefit programs serve U.S. citizens, with the administration now having protected more than $40 billion in benefit programs from illegal aliens since POTUS signed an Executive Order in February “Ending Taxpayer Subsidization of Open Borders.”

*President Trump inked an agreement to provide billions of dollars of military equipment to Ukraine, with NATO footing the bill.

*President Trump has cracked down on a slew of international cartels, designating eight Latin American cartels as terrorist groups, including Tren de Aragua, MS-13 and the Sinaloa Cartel.

*President Trump has solidified the U.S.’s position as the world leader in artificial intelligence, attracting north of $1 trillion in AI investment, including $90 billion in groundbreaking AI and energy investments in Pennsylvania.

*The U.S. is on track for its lowest murder rate on record following President Trump’s reinstatement of law and order.

*Following President Trump’s February executive order, a slew of universities and school systems have stopped allowing men in women’s sports, including the University of Pennsylvania, the Virginia High School League and the University of Maine System.

*Hospitals and hospital systems across the country have halted so-called “gender-affirming care” for minors following President Trump’s executive order “protecting children from chemical and surgical mutilation.”

*In his first six months, President Trump has met with 23 foreign leaders, including three visits from Israeli Prime Minister Benjamin Netanyahu, as well as two visits from the NATO Secretary General, compared to thirteen foreign leaders and the UN Secretary General, the NATO Secretary General, and the Chinese Foreign Minister for Barack Obama and just five in-person visits for Joe Biden.
https://redstate.com/nick-arama/2025/07 ... n-n2191870

[Caribbean Hen]

Here are some of their outstanding journalistic achievements.

"In 2020, NPR branded the Hunter Biden laptop story as a “waste of time.” Meanwhile, NPR had no problem covering the fake Steele dossier as part of the Russian collusion hoax meant to hurt President Trump during his first term in office.
Let’s also not forget that NPR not only dismissed the COVID lab leak theory, claiming it had been “debunked.”

Psst…hate to break it to ya but all sources can get things wrong. Even Jack Posobeic’s End Wokeness account.
That’s why you’re supposed to approach things with a healthy amount skepticism and critical thinking…inviting your favorites.

They purposely “got it wrong”

Maybe try some of your own advice

[UNI88]

Greatest 1st 6 months of a POTUS in US history! The list is so LONG. 36 more months to go.

*Congress passed the One Big Beautiful Bill, thereby delivering the largest tax cut in American history, increasing Americans’ take-home pay by as much as $13,300, and terminating benefits for at least 1.4 million illegal immigrants who were gaming the system.

*Congress passed President Trump’s historic rescissions package, which will save taxpayers $9 billion in wasteful, politically-motivated funding for leftwing foreign aid scams and biased NPR and PBS.

*The wholesale price of a dozen eggs is down 53%, or $3.09, since the inauguration and is down 62%, or $5.08, from its March peak.

*The U.S. economy has now added a net of 671,000 jobs since January 2025, with jobs numbers beating expectations four months in a row. Native-born workers have accounted for all job gains, with native-born employment increasing 2,079,000 while foreign-born employment has fallen 543,000.

*U.S. Customs and Border Patrol encountered just 6,070 illegal immigrants at the southern border in June — setting a new record low (15% lower than the previous record set in March). Additionally, zero illegal immigrants were released into the U.S. on parole in June, compared to 27,766 a year prior.

*The administration has ramped up deportations, breaking a record for the number of deportation flights in a month in June. President Trump’s self-deportation push has also been a massive success, with roughly 1 million illegal aliens having already self-deported. Additionally, over 600 known and suspected terrorists have been removed from the United States.

*At President Trump’s direction, U.S. Immigrations and Customs Enforcement has arrested over 100,000 illegal alien criminals, including over 2,700 members of the vicious Tren de Aragua gang.

*Following President Trump’s declaration of an energy emergency, the U.S. has reached its fastest rate of new oil and gas drilling permits in years, exceeding the Biden administration by 44%.

*Since President Trump took office, core inflation has tracked at just 2.1% — levels not seen since the first Trump Administration, when prices were low and stable — and has come in below or at economists’ expectations every single month. Meanwhile, wholesale inflation remained flat in June, while import prices came in far below expectations.

*Summer gas prices reached their lowest point since 2021, and, inflation-adjusted, are near a 20-year low.

*President Trump’s deregulatory efforts have already saved Americans over $180 billion, or $2,100 per family of four, with the rollback of automobile-related rules alone expected to save consumers more than $1.1 trillion.

*President Trump secured a historic agreement for NATO members to raise defense spending to 5% of GDP – a foreign policy feat long thought impossible.

*Under President Trump’s strong and decisive leadership, the U.S. obliterated Iran’s nuclear program.

*President Trump secured ceasefires between India and Pakistan and Israel and Iran, a peace agreement between Rwanda and the Democratic Republic of Congo, and a pathway to stability for Syria.

*As a result of his historic peacemaking efforts, President Trump has already received three Nobel Peace Prize nominations since returning to office.

*In May, blue-collar wage growth saw its largest increase in nearly 60 years since President Trump’s return to office.

*Companies and foreign governments have pledged over $7.6 trillion in investments into the U.S.

*The U.S. Treasury has taken in nearly $90 billion in tariff duties since January 2025, with the agency
postinga record $27.2 billion surplus in June – the first June surplus since 2005.

*President Trump has once again proved to be the Dealmaker-in-Chief, inking a minerals deal with Ukraine, a $14 billion “perpetual Golden Share” sale of U.S. Steel, and trade deals with the United Kingdom, China, and Indonesia.

*President Trump has signed over 170 executive orders, delivering on key campaign promises such as closing the border, protecting children from chemical and surgical mutilation, removing men from women’s sports, unleashing American energy, ending federal censorship, ending the radical indoctrination in K-12 schooling, and ending radical and wasteful government DEI programs and preferences.

*The S&P500 and Nasdaq market indices have reached multiple record highs.

*The Supreme Court consistently bolstered the Trump administration’s agenda, blocking activist judges from issuing nationwide injunctions, permitting “third-country deportations,” greenlighting the revocation of temporary protected status (TPS) from more than 500,000 migrants and approving efforts to shrink the federal bureaucracy.

*President Trump signed a slew of landmark legislation, including the Genius Act, the Halt Fentanyl Act, the Laken Riley Act, and the Take It Down Act.

*The U.S. Army, Navy, Air Force and Space Force all reached their recruitment goals months in advance.

*The Trump administration has made incredible strides in its effort to Make America Healthy Again, with roughly 35% of the American food industry making a commitment to eliminate the use of artificial dyes, including Hershey, Consumer Brands and dozens of ice cream companies representing more than 90% of the ice cream volume sold in the U.S.

*President Trump has ensured U.S. benefit programs serve U.S. citizens, with the administration now having protected more than $40 billion in benefit programs from illegal aliens since POTUS signed an Executive Order in February “Ending Taxpayer Subsidization of Open Borders.”

*President Trump inked an agreement to provide billions of dollars of military equipment to Ukraine, with NATO footing the bill.

*President Trump has cracked down on a slew of international cartels, designating eight Latin American cartels as terrorist groups, including Tren de Aragua, MS-13 and the Sinaloa Cartel.

*President Trump has solidified the U.S.’s position as the world leader in artificial intelligence, attracting north of $1 trillion in AI investment, including $90 billion in groundbreaking AI and energy investments in Pennsylvania.

*The U.S. is on track for its lowest murder rate on record following President Trump’s reinstatement of law and order.

*Following President Trump’s February executive order, a slew of universities and school systems have stopped allowing men in women’s sports, including the University of Pennsylvania, the Virginia High School League and the University of Maine System.

*Hospitals and hospital systems across the country have halted so-called “gender-affirming care” for minors following President Trump’s executive order “protecting children from chemical and surgical mutilation.”

*In his first six months, President Trump has met with 23 foreign leaders, including three visits from Israeli Prime Minister Benjamin Netanyahu, as well as two visits from the NATO Secretary General, compared to thirteen foreign leaders and the UN Secretary General, the NATO Secretary General, and the Chinese Foreign Minister for Barack Obama and just five in-person visits for Joe Biden.
https://redstate.com/nick-arama/2025/07 ... n-n2191870

How insecure do you have to be to say that everything you do is the greatest ever?

[kalm]

Psst…hate to break it to ya but all sources can get things wrong. Even Jack Posobeic’s End Wokeness account.
That’s why you’re supposed to approach things with a healthy amount skepticism and critical thinking…inviting your favorites.

They purposely “got it wrong”

Maybe try some of your own advice

You were in the newsroom at the time?

Did Fox ever get in trouble for intentionally lying about a story? (I know…you don’t watch Fox. Nobody apparently does.)

[SeattleGriz]

You two have no clue how tariffs work, do you?

Let me give you a lesson:

Guess jeans has a Chinese manufacturer make their jeans and they cost $10 per pair of jeans. Guess imports them and sells them for $100. Trump imposes a 50% tariff and now the jeans cost Guess $15 dollars. Guess eats the $5 loss because $85 in profit is still soaking the consumer.

Trump did this in his first term and China devalued their currency to "eat" the $5, and as a result, the US was importing deflation.

Morgan Stanley was wrong during Trump's first term and apparently didn't learn a thing. Wrong here as well.

Only Guess doesn't/won't eat the tariffs because of their duty to increase the share price. So now the jeans cost $105. The consumer (us) pay the tariffs and it's a new tax on Americans.

Not to mention the US dollar is losing value since this admin started. Now we have less buying power with our dollars. China is in the cat bird seat and isn't inclined to change any policy as a result.

You know this for fact? Because that sure as hell didn't happen last time.

[SeattleGriz]

You two have no clue how tariffs work, do you?

Let me give you a lesson:

Guess jeans has a Chinese manufacturer make their jeans and they cost $10 per pair of jeans. Guess imports them and sells them for $100. Trump imposes a 50% tariff and now the jeans cost Guess $15 dollars. Guess eats the $5 loss because $85 in profit is still soaking the consumer.

Trump did this in his first term and China devalued their currency to "eat" the $5, and as a result, the US was importing deflation.

Morgan Stanley was wrong during Trump's first term and apparently didn't learn a thing. Wrong here as well.

You contradicted yourself (speaking of not understanding how tariffs work) - Does Guess eat the tariffs or china?

Read the Cato Institute's piece if you want to engage your brain and really start to understand how tariffs work rather than blindly believing trump and his merry band of dick sucking sycophants.

The Great Tariff ‘Inflation’ Confusion

Didn't happen that way last time. Look it up. I've been informing you since Trump's first term.

[SeattleGriz]

You two have no clue how tariffs work, do you?

Let me give you a lesson:

Guess jeans has a Chinese manufacturer make their jeans and they cost $10 per pair of jeans. Guess imports them and sells them for $100. Trump imposes a 50% tariff and now the jeans cost Guess $15 dollars. Guess eats the $5 loss because $85 in profit is still soaking the consumer.

Trump did this in his first term and China devalued their currency to "eat" the $5, and as a result, the US was importing deflation.

Morgan Stanley was wrong during Trump's first term and apparently didn't learn a thing. Wrong here as well.

So we’re going to rely upon the benevolence or fear from the Chinese government and manufacturers as well as domestic clothing importers to eat the increases?

Does your Guess brand jeans example hold true across all sectors and with all countries? Does it open the door for new trade agreements between other counties willing to play more fair (see Canada and the EU)?

There’s a reason for the concern from economists and the Fed itself over the outcomes. These are people and organizations that employ people who DO have a clue.

I keep telling you. Appeals to authority only work when your authority is correct. Trump's first term proved this out and your so called experts have nothing that can prove any different.

[kalm]

Will be interesting to see what instigated these beatings.

[Caribbean Hen]

They purposely “got it wrong”

Maybe try some of your own advice

You were in the newsroom at the time?

Did Fox ever get in trouble for intentionally lying about a story? (I know…you don’t watch Fox. Nobody apparently does.)

Nobody needed to be in the newsroom to see what was going on with the media…..

I take that back
Sean Penn, a.k.a. Spicoli types had no chance too see it

[kalm]

You were in the newsroom at the time?

Did Fox ever get in trouble for intentionally lying about a story? (I know…you don’t watch Fox. Nobody apparently does.)

Nobody needed to be in the newsroom to see what was going on with the media…..

I take that back
Sean Penn, a.k.a. Spicoli types had no chance too see it

So you can read minds from afar. Sweet!

Only dork and Mr. Hand types fail to recognize Spicoli’s philosophical and political brilliance.

[kalm]

This clip is well worth the watch all the way though (it’s shirt)

This is MAGA…unapologetically honest.

Do any of you actually disagree with the young man?

[Caribbean Hen]

Nobody needed to be in the newsroom to see what was going on with the media…..

I take that back
Sean Penn, a.k.a. Spicoli types had no chance too see it

So you can read minds from afar. Sweet!

Only dork and Mr. Hand types fail to recognize Spicoli’s philosophical and political brilliance.

I’m good with Spicoli

Don’t confuse him with Sean Penn

[BDKJMU]

Will be interesting to see what instigated these beatings.

Covington KY. Remember Nick Sandman and Covington Catholic?

People shouldn’t be blocking the road. Stay on the sidewalks.Kudos to Covington for not allowing that BS to come across the river.

[Bobcat]

Why does the left always support the criminals? Its mentally ill and makes our country less safe

[BDKJMU]

3 1/2 more years.

[UNI88]

You contradicted yourself (speaking of not understanding how tariffs work) - Does Guess eat the tariffs or china?

Read the Cato Institute's piece if you want to engage your brain and really start to understand how tariffs work rather than blindly believing trump and his merry band of dick sucking sycophants.

The Great Tariff ‘Inflation’ Confusion

Didn't happen that way last time. Look it up. I've been informing you since Trump's first term.

Tell me you didn't read the Cato Institute piece without telling me you didn't read the piece.

I'll try and summarize the key points for you. My apologies that it isn't written in crayon and has a lot of multisyllable words but pull up your dictionary and see if you can try and understand it ...

So, has Trump proven the “experts” and “economists” wrong once again?

In short, no. Even leaving aside the wonky methodological mistakes (and blatant cherrypicking) that Vance and others tariff defenders have made, their recent “inflation” obsession reveals either a fundamental cluelessness about how tariffs and “inflation” interact—and about how most actual “economists” view the issue—or a cynical belief that you’re clueless, too.
...
As you’ll recall, the Trump 1.0 tariffs were fairly targeted—steel, aluminum, washing machines, China imports (half), solar panels, etc.—and thus comprised a relatively small share of the goods measured in price indexes like the CPI. As a result (and because fiscal/​monetary policy remained steady), those tariffs had an insignificant effect on the general price level and on inflation overall, even though numerous studies have since shown that U.S. consumers were paying higher prices for the tariffed goods at issue.

The bigger, global Trump 2.0 tariffs should have bigger effects, but the general principles still apply. Economist Bryan Cutsinger recently summarized the consensus view:

There seems to be broad agreement that higher tariffs lead to a one-time increase in the price level, not a sustained rise in the rate of price increases, that is, inflation. If it takes time for tariffs to pass through to consumer prices, inflation may temporarily pick up — a point Fed officials have acknowledged. But once the adjustment is complete, the inflation rate will come back down — that is, the increases will stop, even if prices themselves remain at a new, higher level.

Put another way, global tariffs will increase the price level but not its rate of change (aka “inflation”)—at least not in the longer term. Thus, most economists expect the CPI or PCE to tick up this year because of Trump’s tariffs, but only temporarily.
...
There are also several well-documented reasons for why even a temporary tariff-fueled increase in U.S. prices hasn’t materialized yet—and, in fact, might never show up fully in the CPI or other broad measures of inflation. For starters, Trump quickly rolled back some of his biggest tariffs (e.g., China and “Liberation Day”) and temporarily exempted many other products—semiconductors and consumer electronics, pharmaceuticals, many USMCA-compliant products, etc.
...
Then there’s the timing issue. Goldman notes that, from a purely mechanical perspective, it takes several weeks between the date of a tariff announcement and the tariff being paid by U.S. importers:

Meanwhile, American companies have worked hard to avoid paying the tariffs that are now in force. Most notable in this regard were their efforts to import goods before tariffs hit, thus resulting in a big spike in imports between November and April …
...
Companies are also deploying other strategies to avoid taking a full tariff hit—at least in the short term. They are, for example, engaging in “tariff engineering”—reclassifying products into lower-tariff categories or ones with no tariffs at all.
...
Then there’s the issue of foreign exporters eating the tariff costs by lowering their prices—Trump’s favorite excuse. As we’ve discussed, this is possible under the right circumstances but didn’t happen much during Trump 1.0, as American companies and consumers instead ate almost all of the tariffs’ costs. This time around, however, Goldman notes that there are some very early signs that foreign exporters, mainly Chinese, “have absorbed about 20% of the cost of tariffs”—an outcome that makes some sense given the sheer size of the tariffs, lingering inflation pain here, and widely reported deflationary problems in China. If these preliminary data hold, it’d be a shift from recent U.S. tariff experience but would still mean that Americans are paying about 80 percent of the tariffs’ cost—not exactly a huge Trump win. Other evidence, it should be noted, shows foreigners paying even less.

As tariffs really start to bite, the big questions will be whether foreign exporters keep eating some costs if it becomes clear tariffs are here to stay and how the remaining “80 percent” (or more) filters through the U.S. economy and into consumer prices—for both imports and domestic goods and services. And here, too, there are reasons to expect that the new costs won’t fully be evident in topline U.S. consumer price (inflation) data.
...
Goldman estimates, in fact, that U.S. businesses have initially absorbed much of the new Trump tariff costs instead of passing them on to consumers, thus leading to a much more moderate impact on the inflation figures. Over time, however, they expect this balance to change and for consumers to bear half or more of the tariff costs (and related increases of U.S. goods’ prices), with price data eventually reflecting that burden. Anecdotes and alternative data, such as Federal Reserve surveys of U.S. businesses, show similar things.

[kalm]

Didn't happen that way last time. Look it up. I've been informing you since Trump's first term.

Tell me you didn't read the Cato Institute piece without telling me you didn't read the piece.

I'll try and summarize the key points for you. My apologies that it isn't written in crayon and has a lot of multisyllable words but pull up your dictionary and see if you can try and understand it ...

So, has Trump proven the “experts” and “economists” wrong once again?

In short, no. Even leaving aside the wonky methodological mistakes (and blatant cherrypicking) that Vance and others tariff defenders have made, their recent “inflation” obsession reveals either a fundamental cluelessness about how tariffs and “inflation” interact—and about how most actual “economists” view the issue—or a cynical belief that you’re clueless, too.
...
As you’ll recall, the Trump 1.0 tariffs were fairly targeted—steel, aluminum, washing machines, China imports (half), solar panels, etc.—and thus comprised a relatively small share of the goods measured in price indexes like the CPI. As a result (and because fiscal/​monetary policy remained steady), those tariffs had an insignificant effect on the general price level and on inflation overall, even though numerous studies have since shown that U.S. consumers were paying higher prices for the tariffed goods at issue.

The bigger, global Trump 2.0 tariffs should have bigger effects, but the general principles still apply. Economist Bryan Cutsinger recently summarized the consensus view:

There seems to be broad agreement that higher tariffs lead to a one-time increase in the price level, not a sustained rise in the rate of price increases, that is, inflation. If it takes time for tariffs to pass through to consumer prices, inflation may temporarily pick up — a point Fed officials have acknowledged. But once the adjustment is complete, the inflation rate will come back down — that is, the increases will stop, even if prices themselves remain at a new, higher level.

Put another way, global tariffs will increase the price level but not its rate of change (aka “inflation”)—at least not in the longer term. Thus, most economists expect the CPI or PCE to tick up this year because of Trump’s tariffs, but only temporarily.
...
There are also several well-documented reasons for why even a temporary tariff-fueled increase in U.S. prices hasn’t materialized yet—and, in fact, might never show up fully in the CPI or other broad measures of inflation. For starters, Trump quickly rolled back some of his biggest tariffs (e.g., China and “Liberation Day”) and temporarily exempted many other products—semiconductors and consumer electronics, pharmaceuticals, many USMCA-compliant products, etc.
...
Then there’s the timing issue. Goldman notes that, from a purely mechanical perspective, it takes several weeks between the date of a tariff announcement and the tariff being paid by U.S. importers:

Meanwhile, American companies have worked hard to avoid paying the tariffs that are now in force. Most notable in this regard were their efforts to import goods before tariffs hit, thus resulting in a big spike in imports between November and April …
...
Companies are also deploying other strategies to avoid taking a full tariff hit—at least in the short term. They are, for example, engaging in “tariff engineering”—reclassifying products into lower-tariff categories or ones with no tariffs at all.
...
Then there’s the issue of foreign exporters eating the tariff costs by lowering their prices—Trump’s favorite excuse. As we’ve discussed, this is possible under the right circumstances but didn’t happen much during Trump 1.0, as American companies and consumers instead ate almost all of the tariffs’ costs. This time around, however, Goldman notes that there are some very early signs that foreign exporters, mainly Chinese, “have absorbed about 20% of the cost of tariffs”—an outcome that makes some sense given the sheer size of the tariffs, lingering inflation pain here, and widely reported deflationary problems in China. If these preliminary data hold, it’d be a shift from recent U.S. tariff experience but would still mean that Americans are paying about 80 percent of the tariffs’ cost—not exactly a huge Trump win. Other evidence, it should be noted, shows foreigners paying even less.

As tariffs really start to bite, the big questions will be whether foreign exporters keep eating some costs if it becomes clear tariffs are here to stay and how the remaining “80 percent” (or more) filters through the U.S. economy and into consumer prices—for both imports and domestic goods and services. And here, too, there are reasons to expect that the new costs won’t fully be evident in topline U.S. consumer price (inflation) data.
...
Goldman estimates, in fact, that U.S. businesses have initially absorbed much of the new Trump tariff costs instead of passing them on to consumers, thus leading to a much more moderate impact on the inflation figures. Over time, however, they expect this balance to change and for consumers to bear half or more of the tariff costs (and related increases of U.S. goods’ prices), with price data eventually reflecting that burden. Anecdotes and alternative data, such as Federal Reserve surveys of U.S. businesses, show similar things.

Good analysis. Thank you.

[kalm]

[kalm]

What? You can lose your job over publicly admitting you’re a Nazi? What’s this world coming to?

[BDKJMU]

Didn't happen that way last time. Look it up. I've been informing you since Trump's first term.

Tell me you didn't read the Cato Institute piece without telling me you didn't read the piece.

I'll try and summarize the key points for you. My apologies that it isn't written in crayon and has a lot of multisyllable words but pull up your dictionary and see if you can try and understand it ...

So, has Trump proven the “experts” and “economists” wrong once again?

In short, no. Even leaving aside the wonky methodological mistakes (and blatant cherrypicking) that Vance and others tariff defenders have made, their recent “inflation” obsession reveals either a fundamental cluelessness about how tariffs and “inflation” interact—and about how most actual “economists” view the issue—or a cynical belief that you’re clueless, too.
...
As you’ll recall, the Trump 1.0 tariffs were fairly targeted—steel, aluminum, washing machines, China imports (half), solar panels, etc.—and thus comprised a relatively small share of the goods measured in price indexes like the CPI. As a result (and because fiscal/​monetary policy remained steady), those tariffs had an insignificant effect on the general price level and on inflation overall, even though numerous studies have since shown that U.S. consumers were paying higher prices for the tariffed goods at issue.

The bigger, global Trump 2.0 tariffs should have bigger effects, but the general principles still apply. Economist Bryan Cutsinger recently summarized the consensus view:

There seems to be broad agreement that higher tariffs lead to a one-time increase in the price level, not a sustained rise in the rate of price increases, that is, inflation. If it takes time for tariffs to pass through to consumer prices, inflation may temporarily pick up — a point Fed officials have acknowledged. But once the adjustment is complete, the inflation rate will come back down — that is, the increases will stop, even if prices themselves remain at a new, higher level.

Put another way, global tariffs will increase the price level but not its rate of change (aka “inflation”)—at least not in the longer term. Thus, most economists expect the CPI or PCE to tick up this year because of Trump’s tariffs, but only temporarily.
...
There are also several well-documented reasons for why even a temporary tariff-fueled increase in U.S. prices hasn’t materialized yet—and, in fact, might never show up fully in the CPI or other broad measures of inflation. For starters, Trump quickly rolled back some of his biggest tariffs (e.g., China and “Liberation Day”) and temporarily exempted many other products—semiconductors and consumer electronics, pharmaceuticals, many USMCA-compliant products, etc.
...
Then there’s the timing issue. Goldman notes that, from a purely mechanical perspective, it takes several weeks between the date of a tariff announcement and the tariff being paid by U.S. importers:

Meanwhile, American companies have worked hard to avoid paying the tariffs that are now in force. Most notable in this regard were their efforts to import goods before tariffs hit, thus resulting in a big spike in imports between November and April …
...
Companies are also deploying other strategies to avoid taking a full tariff hit—at least in the short term. They are, for example, engaging in “tariff engineering”—reclassifying products into lower-tariff categories or ones with no tariffs at all.
...
Then there’s the issue of foreign exporters eating the tariff costs by lowering their prices—Trump’s favorite excuse. As we’ve discussed, this is possible under the right circumstances but didn’t happen much during Trump 1.0, as American companies and consumers instead ate almost all of the tariffs’ costs. This time around, however, Goldman notes that there are some very early signs that foreign exporters, mainly Chinese, “have absorbed about 20% of the cost of tariffs”—an outcome that makes some sense given the sheer size of the tariffs, lingering inflation pain here, and widely reported deflationary problems in China. If these preliminary data hold, it’d be a shift from recent U.S. tariff experience but would still mean that Americans are paying about 80 percent of the tariffs’ cost—not exactly a huge Trump win. Other evidence, it should be noted, shows foreigners paying even less.

As tariffs really start to bite, the big questions will be whether foreign exporters keep eating some costs if it becomes clear tariffs are here to stay and how the remaining “80 percent” (or more) filters through the U.S. economy and into consumer prices—for both imports and domestic goods and services. And here, too, there are reasons to expect that the new costs won’t fully be evident in topline U.S. consumer price (inflation) data.
...
Goldman estimates, in fact, that U.S. businesses have initially absorbed much of the new Trump tariff costs instead of passing them on to consumers, thus leading to a much more moderate impact on the inflation figures. Over time, however, they expect this balance to change and for consumers to bear half or more of the tariff costs (and related increases of U.S. goods’ prices), with price data eventually reflecting that burden. Anecdotes and alternative data, such as Federal Reserve surveys of U.S. businesses, show similar things.

Is this one of the same ‘experts’ who 4 years ago said inflation was going to be transitory?