- Aug 18, 2012
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...a 50% tariff on Brazian beef imports certainly doesn't help.
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Consumer Prices Will Go Down From Day One? Will Gas Prices Go Down 50% Within A Year?
- Thread starter mark46
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...a 50% tariff on Brazian beef imports certainly doesn't help.
- Jan 29, 2010
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Yes, inflation will get worse before it gets better. Almost EVERYONE agrees, including Trump.
The non-government forecasts that companies depend on show increases in the last half of the year, continuing through mid 2026, peaking at under 4%, a very manageable number.
The primary thing to remember is that this is a one-time event. Prices won't come down, but they won't increase for new tariffs either. The primary issue has been uncertainty. What is the new norm? That still needs to be worked out with several countries, including Canada and India. But that will happen by year's end, and the 2026 situation will be the new norm.
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The economy and we all will be able to live with and thrive in the new reality including the tariffs.
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Trump has made many more changes that will be much, much harder to absorb and get used to.
It will be difficult to get used to the increase in measles, polio and other preventable diseases. The vaccines for the next pandemic will need to be developed in Europe. The transition of the center of scientific excellence and research out of the US will be difficult to get beyond. [Thousands of scientists and researchers are moving to Europe or are considering it]. Many fewer will come to the US
Many federal departments and functions are being gutted. Even if there was a consensus to reverse Trump's actions, it will take decades. The experienced people are moving on to other employers, Much of the responsibility for providing for the safety net is being moved to the states. Many Republican states have little interest in performing and paying for this #1 function of government.
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