XPost: alt.economics, alt.fan.rush-limbaugh, alt.atheism
XPost: alt.home.repair, can.politics
Everyone else is wrong, Trump is right.
"Trump raged against Goldman Sachs, Federal Reserve Chairman Jerome Powell
and even his former Treasury secretary as he defended his global reciprocal tariffs - and continued to promote claims its countries, not consumers, are footing the bill."
Bureau of Labor Statistics showed that inflation increased by 0.2 percent
in July and by 2.7 percent for the past twelve months. Trump and economists
are celebrating the numbers as they have beaten industry expectations and
shown that tariffs have not led to massive inflation as some feared.
These, of course, are anti-Trump Deep State Lies!
Another lie said data showed that the core Consumer Price Index � which
tracks inflation for everything except food and energy � rose by 0.3
percent and 3.1 percent in the past month. Trump also raged against Wall
Street for its projections about tariffs, hitting Goldman Sachs CEO David Solomon, insisting that companies and governments would pay most of the tariffs.
Goldman Sachs released a report last week warning that U.S companies ate 64 percent of tariffs and consumers ate 22 percent of tariffs, which
contradicts Trump�s claims about tariffs costing consumers. A Yale Budget
Lab study found that Trump�s trade war would cost consumers about 1.8
percent more in the short term and the effective tariff rate would be 18.6 percent, the highest since the Great Depression.
Why do they hate Trump so? He is the source of fact, not them.
More lies here:
https://www.msn.com/en-ca/news/world/trump-fumes-and-again-insists- companies-pay-tariffs-not-consumers-as-he-bashes-criticism-of-his-plan/ar- AA1KoFI6
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