BREAKING: Goldman Sachs kicks Donald Trump hard in the teeth with a new report that exposes his huge lie that foreign countries are paying his tariffs — when reality it's American consumers.
Show this to every MAGA dead-ender you know...
According to the bombshell analysis, U.S. consumers are already paying 55% of the tariff costs just six months into their implementation. Trump and his minions have repeatedly claimed, despite pushback from economic experts, that other countries would simply "eat" the tariffs. We now see beyond a shadow of a doubt that that is not the case.
Since April when Trump first announced his harebrained tariffs, consumer prices have steadily increased every month, eating into the wages and savings of American workers via inflation. As if that weren't bad enough, some companies may have been using pre-tariff inventories to keep prices artificially low. As those stockpiles run out, they'll be forced to raise prices to offset the tariffs.
Goldman Sachs also predicted that costs will likely rise even higher now that Trump is considering another wave of disastrous tariffs. True to ignorant form, he refuses to look at the effects of his policies or to reconsider his prior economic assumptions. There is no scenario in which this man admits that he was wrong.
The analysis estimates that the Trump tariffs have added a whopping 0.44% to the Fed's preferred inflation measure, a staggering increase when considered in the total scope of the U.S. economy. Hard working Americans are getting hammered. If Trump follows through on threats to tariff furniture and kitchen products, that number could rise to 0.6%. If that happens, consumers will bear 70% of the tariffs' cost.
Meanwhile, Trump's family is raking in massive amounts of money from corrupt business deals while the president himself accepts outright bribes, most blatantly in the form of a $400 million jet from Qatar. Americans are getting poorer while Trump reaches obscene new heights of wealth.
Please retweet and ❤️ to demand an immediate end to the tariffs!
BREAKING: After Donald Trump and JD Vance asked Democrats to lower their rhetoric, CNN made a montage of all the inflammatory things Donald Trump and JD Vance have said. Retweet to make sure all Americans know it’s Trump and Vance who are the problem
...and as I know Trumpers will deny some of these numbers, here's the proof for every single one of them:
Ages
https://t.co/tZSuzRXx70
COVID deaths by day
https://t.co/HeiQkLfg25
Jobs added by month
https://t.co/pgo8z0KFX8
Manufacturing jobs by month
https://t.co/hJebIozBKC
Trump's impeachments
https://t.co/dwedrRj9Kw
Trump's convictions
https://t.co/bi61mkAH38
Trump's pending charges/criminal cases
https://t.co/L7jrnxwCAe
Trump's fraud case
https://t.co/EV52yVCkpC
Trump's defamation cases
https://t.co/0apHgTgCj1
Trump's rape case
https://t.co/jy6b6ueJ3b
Trump v. Biden
Age
Trump: 78
Biden: 81 (so, about the same)
COVID deaths most recent day in office
Trump: 24,690
Biden: 132
Jobs added
Trump: -2.67M
Biden: +16.27M
Manufacturing jobs added
Trump: -192k
Biden: +748k
Times impeached
Trump: 2
Biden: 0
Felony convictions
Trump: 34
Biden: 0
Felony charges pending
Trump: 54
Biden: 0
Times liable for fraud
Trump: 1
Biden: 0
Times liable for defamation
Trump: 2
Biden: 0
Times liable for rape
Trump: 1
Biden 0
#VoteBlue