We're All Paying for Donald Trump's Erratic Policies
The impact of President Trump's tariffs is being felt across the country, from consumers to small businesses and even major corporations. The tariffs, which were imposed on various countries, including China, have been estimated to cost American consumers up to 55% of their value. This is largely due to the suspension of the de minimis rule, which exempted small packages valued under $800 from tariffs. As a result, many online shoppers, including those who bought handmade goods or collectibles from abroad, have been affected.
In industries where domestic alternatives are available, manufacturers are now raising prices in response to imports that have become more expensive due to the tariffs. This is particularly evident in the sporting and outdoor goods industry, where Orvis plans to close half its stores by 2026 and slim down its product offerings. Similarly, kids' clothing store Carter's has announced plans to close 150 stores and cut 300 jobs.
The situation is further complicated by the fact that many products made in the US rely on imported components or materials, leading to price increases even for domestic goods. Harvard's Pricing Lab data shows that domestic items have risen in price too, as manufacturers hike prices due to imports becoming more expensive.
Trump's tariffs are also being challenged in court, and the Supreme Court is set to hear arguments in the first week of November. The decision to impose tariffs using the International Emergency Economic Powers Act has been met with criticism, particularly from those who argue that it bypasses Congress.
The impact of these policies extends beyond trade agreements and economic data. In a bizarre display of public flattery, Trump received gifts such as a gold crown and mini beef patties during his visit to South Korea, which hosted him before his trade talks. Pop star RM, a member of BTS, even spoke at a trade forum in support of global trade and cultural diversity.
As the holiday season approaches, concerns are growing about shortages of Christmas decorations due to tariffs. The situation is becoming increasingly complex, with promises made during negotiations appearing to shift frequently. One thing is certain: consumers will feel the effects regardless of the outcome.
By the way, some key facts about Trump's tariffs include:
* The $800 per person per day de minimis exemption was on the high end compared to other countries.
* The best way to get tariffs reduced or removed continues to be through gifts, such as a gold crown.
* K-pop is one of the most successful and lucrative exports ever.
* Is anyone else's local Christmas celebration being canceled because of tariffs?
The impact of President Trump's tariffs is being felt across the country, from consumers to small businesses and even major corporations. The tariffs, which were imposed on various countries, including China, have been estimated to cost American consumers up to 55% of their value. This is largely due to the suspension of the de minimis rule, which exempted small packages valued under $800 from tariffs. As a result, many online shoppers, including those who bought handmade goods or collectibles from abroad, have been affected.
In industries where domestic alternatives are available, manufacturers are now raising prices in response to imports that have become more expensive due to the tariffs. This is particularly evident in the sporting and outdoor goods industry, where Orvis plans to close half its stores by 2026 and slim down its product offerings. Similarly, kids' clothing store Carter's has announced plans to close 150 stores and cut 300 jobs.
The situation is further complicated by the fact that many products made in the US rely on imported components or materials, leading to price increases even for domestic goods. Harvard's Pricing Lab data shows that domestic items have risen in price too, as manufacturers hike prices due to imports becoming more expensive.
Trump's tariffs are also being challenged in court, and the Supreme Court is set to hear arguments in the first week of November. The decision to impose tariffs using the International Emergency Economic Powers Act has been met with criticism, particularly from those who argue that it bypasses Congress.
The impact of these policies extends beyond trade agreements and economic data. In a bizarre display of public flattery, Trump received gifts such as a gold crown and mini beef patties during his visit to South Korea, which hosted him before his trade talks. Pop star RM, a member of BTS, even spoke at a trade forum in support of global trade and cultural diversity.
As the holiday season approaches, concerns are growing about shortages of Christmas decorations due to tariffs. The situation is becoming increasingly complex, with promises made during negotiations appearing to shift frequently. One thing is certain: consumers will feel the effects regardless of the outcome.
By the way, some key facts about Trump's tariffs include:
* The $800 per person per day de minimis exemption was on the high end compared to other countries.
* The best way to get tariffs reduced or removed continues to be through gifts, such as a gold crown.
* K-pop is one of the most successful and lucrative exports ever.
* Is anyone else's local Christmas celebration being canceled because of tariffs?
. The fact that some companies are already closing stores and cutting jobs is just a major bummer 
. And can we talk about how weird it is that Trump got gifts like a mini beef patty as a welcome gift in South Korea 
? Like, isn't he supposed to be the one sending out gifts for world leaders or something? 
Anyway, I'm hoping the Supreme Court rules against those tariffs soon and things calm down. The holiday season is already stressful enough without having to deal with all this economic drama 
. I'm not gonna sugarcoat it, they're hitting people hard, especially small businesses and online shoppers. It's like they're being forced to pay more just for stuff that's already been made with imported parts or materials. And don't even get me started on the Christmas decorations shortage... it's like the whole holiday spirit is getting squeezed out of us 
. Like, who thought it was a good idea to slap tariffs on everything and screw over American consumers? 
The de minimis rule used to be like, super helpful for online shoppers, but now we're paying the price (literally). And don't even get me started on how manufacturers are taking advantage of this. I mean, Orvis is closing half its stores?! 
That's not just affecting small businesses, it's hurting regular people too.
It's like he thinks we're buying into his drama. Newsflash: we're not impressed 
. Anyway, I'm low-key freaking out about Christmas decorations shortages due to tariffs 
and yeah the sporting goods industry is already feeling it orvis is closing stores and cutting jobs because of these prices going up due to tariffs 
. I mean, who thought it was a good idea to slap 55% tariff on stuff that Americans actually want to buy? It's not fair to regular people trying to make ends meet. And what's with this crazy idea that we need to pay for gifts like a gold crown just to get our goods back in the country? 
.
? I'm tired of seeing companies like Orvis and Carter's closing up shop and hurting people who work there. And don't even get me started on the Christmas decorations thing... are we really gonna cancel our holiday vibes because of some silly tariffs? 
. I mean, it's not just about the economy anymore, it's about how these policies are affecting regular people's lives. Online shoppers who can't afford to pay more for those handmade goods they're so obsessed with? Small businesses struggling to stay afloat because of increased costs? It's all just a mess 
. I mean, what's wrong with Trump that he thinks gifts are the way to win friends and influence people? Newsflash: it's not working 
. And K-pop is literally getting richer off these tariffs, so it's just cruel 
.
. The fact that even Harvard's Pricing Lab data shows domestic items are rising in price too is just devastating 
.
.
i mean think about it we're all getting hit with higher prices for everything from sporting goods to handmade goods on top of that some companies are actually cutting jobs 
and closing stores which is just devastating for small businesses and communities. I get it trump said he was gonna shake things up but does anyone even know what's shaking? 
. What a bummer.
. And what about those Christmas decorations? Who's gonna get to enjoy that festive cheer when everything is just going up in price 
?
. I mean, think about it - we're all paying for this guy's erratic policies, and it's not just the consumers who are getting hit hard, but also small businesses and corporations. It's like, how can one person's decisions affect so many people's lives? 
. And I think that's a pretty powerful realization - we're not just individual consumers or businesses; we're part of a global community that affects each other in ways we can't even imagine.
. I know some people love K-pop, but come on, it's not like it's a fair trade 
It's all about who gets to make these decisions, right? Trump thinks he can just bypass Congress with this International Emergency Economic Powers Act thingy, but isn't that basically an executive overreach? 
.
. I hope someone can figure out a way to make these tariffs work better for everyone, not just some big corporations or world leaders 
.