Donald Trump tariffs' impact: 55 percent of costs on US consumers - So Far
https://thehill.com/business/5553384-trump-tariffs-consumer-costs-goldman-sachs/?email
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https://thehill.com/business/5553384-trump-tariffs-consumer-costs-goldman-sachs/?email
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The Hill
US consumers shouldering 55 percent of Trump tariff costs: Goldman Sachs
A new Goldman Sachs analysis says American consumers will shoulder 55 percent of the costs from President Trump’s tariffs this year. American businesses and foreign exporters will take on 22 percen…
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“Eating is the hardest part”
TEXAS folks tell Fox grocery prices are WAY UP, not down like the billionaire president (who has never been inside a grocery store himself) would have you believe.
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TEXAS folks tell Fox grocery prices are WAY UP, not down like the billionaire president (who has never been inside a grocery store himself) would have you believe.
https://redd.it/1o93zhm
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Nestle announces plans to slash 16,000 jobs, stock jumps 9%
https://www.cnbc.com/2025/10/16/nestle-3q-earnings-announces-16000-job-cuts.html
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https://www.cnbc.com/2025/10/16/nestle-3q-earnings-announces-16000-job-cuts.html
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CNBC
Nestle announces plans to slash 16,000 jobs, stock jumps 9%
Nestle said Thursday it will cut 16,000 jobs as the firm's new CEO Philipp Navratil looks to accelerate a turnaround at the consumer goods giant.
Americans are sacrificing small joys like vacations and eating out, selling their belongings, and skipping meals to afford housing. Meanwhile, billionaire wealth rose by $33 trillion in the last ten years. These two things are related.
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Trump’s Treasury Secretary Says US Will Impose ‘Price Floors’ To Combat China Manipulating Markets
https://finance.yahoo.com/news/trump-treasury-secretary-says-us-193051055.html
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https://finance.yahoo.com/news/trump-treasury-secretary-says-us-193051055.html
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Yahoo Finance
Trump’s Treasury Secretary Says US Will Impose ‘Price Floors’ To Combat China Manipulating Markets
Treasury Secretary Scott Bessent told CNBC on Wednesday that the United States will be introducing "price floors" in different markets to combat China.
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Fox Business News is forced to admit that it “doesn’t feel like we are going to rebound” from dips in consumer spending, and that “the middle and lower class consumers are being squeezed," while the affluent consumers are flourishing in Trump’s America.
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" We are Finished": Idaho retirees crushed as premiums soar 4,275% after Trump and GOP gut Obamacare subsidies
https://wtfdetective.blog/idaho-retirees-premiums-soar-after-trump-gop-gut-aca/
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https://wtfdetective.blog/idaho-retirees-premiums-soar-after-trump-gop-gut-aca/
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WTF Detective
” We are Finished”: Idaho retirees crushed as premiums soar 4,275% after Trump and GOP gut Obamacare subsidies - WTF Detective
Open enrollment for Affordable Care Act (ACA) health plans began Wednesday in Idaho, giving the rest of the nation an early look at how steeply premiums are expected to climb in 2026. For many Idaho residents, the question now is whether they can still afford…
‘Finances are getting tighter’: US car repossessions surge as more Americans default on auto loans
https://www.theguardian.com/business/2025/oct/17/us-car-repossessions-economy?CMP=Share_iOSApp_Other
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https://www.theguardian.com/business/2025/oct/17/us-car-repossessions-economy?CMP=Share_iOSApp_Other
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the Guardian
‘Finances are getting tighter’: US car repossessions surge as more Americans default on auto loans
Wall Street sounds alarm over strain throughout car lending market as experts warn of potential risks for wider economy
Trump tariffs to cost companies $1.2 trillion, mostly hitting consumers
https://www.axios.com/2025/10/16/trump-tariffs-cost-china
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https://www.axios.com/2025/10/16/trump-tariffs-cost-china
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Axios
Trump tariffs to cost companies $1.2 trillion this year, mostly hitting consumers, study finds
S&P Global said its estimate of additional expenses for companies is likely conservative.
China’s $4.5 Trillion Flows Mark Tipping Point in Market Opening
https://www.bloomberg.com/news/articles/2025-09-10/china-s-4-5-trillion-flows-mark-tipping-point-in-market-opening
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https://www.bloomberg.com/news/articles/2025-09-10/china-s-4-5-trillion-flows-mark-tipping-point-in-market-opening
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Bloomberg.com
China’s $4.5 Trillion Flows Mark Tipping Point in Market Opening
“Made in China” labels have come to dominate global goods trade — much to the chagrin of US President Donald Trump — even as the nation’s financial markets remained walled off from the world.
Everyone, including the US, is living in delusional debt bubbles. The tsunami of Inflation is just around the corner.
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S&P cuts France’s credit rating as it forecasts higher debt pile
https://www.ft.com/content/1fe41c81-ac0c-4bc2-b760-4d9a3bb15895
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https://www.ft.com/content/1fe41c81-ac0c-4bc2-b760-4d9a3bb15895
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Ft
S&P cuts France’s credit rating as it forecasts higher debt pile
French sovereign downgrade is the third in recent weeks and heaps pressure on Sébastien Lecornu’s budget plans
This was the most popular car in America in 1970. It cost $3200. And that was three months of salaries of the average American worker. Compare that to the situation now.
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The U.S. Is Tiptoeing Away From Many of Trump’s Signature Tariffs
https://www.wsj.com/politics/policy/trump-tariffs-reciprocal-exemptions-e36f1216
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https://www.wsj.com/politics/policy/trump-tariffs-reciprocal-exemptions-e36f1216
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The Wall Street Journal
The U.S. Is Tiptoeing Away From Many of Trump’s Signature Tariffs
The administration is considering lifting duties on some products not produced in the U.S.
Jerome Powell Is Spearheading Rate Cuts: Based on What History Tells Us, Investors Should Buckle Up for a Bumpy Ride
https://www.yahoo.com/finance/news/jerome-powell-spearheading-rate-cuts-070600545.html
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https://www.yahoo.com/finance/news/jerome-powell-spearheading-rate-cuts-070600545.html
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Yahoo Finance
Jerome Powell Is Spearheading Rate Cuts: Based on What History Tells Us, Investors Should Buckle Up for a Bumpy Ride
There's an exceptionally strong correlation between Federal Reserve rate-easing cycles and bear markets for the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average.
U.S. runs another huge budget deficit in 2025 — and the national debt hits another record
https://www.marketwatch.com/story/u-s-runs-another-huge-budget-deficit-in-2025-and-the-national-debt-hits-another-record-58ac8785
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https://www.marketwatch.com/story/u-s-runs-another-huge-budget-deficit-in-2025-and-the-national-debt-hits-another-record-58ac8785
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MarketWatch
U.S. runs another huge budget deficit in 2025 — and the national debt hits another record
The U.S. government ran a slightly smaller budget shortfall in the most recent year thanks to higher tariff revenue — but the national debt still rose to another record high, and shows no sign of slowing.
US debt will hit $38 trillion in a day or two. It’s up $1.7 trillion since July when debt ceiling was lifted.
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