politics

The devil is in the details but this is pretty hilarious if Newsom can make it work.

Also from the article:
“Analysis by the Yale Budget Lab found that the Trump Administration's announced tariffs are expected to drive up overall inflation by 2.3 percent this year alone. This includes a projected 2.8 percent increase in food prices and an 8.4 percent jump in automotive prices—resulting in an estimated $3,800 hit to the average American household.” 🫠

The devil is in the details but this is pretty hilarious if Newsom can make it work.

Also from the article:
“Analysis by the Yale Budget Lab found that the Trump Administration's announced tariffs are expected to drive up overall inflation by 2.3 percent this year alone. This includes a projected 2.8 percent increase in food prices and an 8.4 percent jump in automotive prices—resulting in an estimated $3,800 hit to the average American household.” 🫠

https://www.newsweek.com/california-newsom-trade-trump-tariffs-2055414

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Yup, feel pretty bad for people who want / wanted to retire in the next couple years. Including my parents. So it goes, I suppose

$3,800 is nothing compared to the damage to retirement portfolios.

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Article did say 5th largest. Good educated guess lol

I mean they are like the 5 largest economy in the world (ballparking, didn't feel like googling lol)

Also Apparel and Shoe prices expected to rise by 10-15% or more