There was a reported US$31 billion collected in tariffs in August and US$27 billion in July. Since January, the total collected from tariffs was US$122 billion. These are obviously part of the increase in consumer spending as a result of paying more, not that they are buying more.
Now looking at consumer spending in the USA, the first quarter of 2025 saw a total spending of 16,345.80 US$ billion, and the second quarter saw the spending rise to 16,445.70 US$ billion, an increase of about US$100 billion for the two quarters. The tariff collection was US$122 billion for the two quarters, which means consumer spending in reality actually decline by US$22 billion for the two quarters, without taking in the US$122 billion price increases due to the tariffs and added to the things being bought.
If you do not dig deeper, you only hear about a rosy picture emerging, which is realistically a mirage conjured up by the propaganda machine. The biggest giveaway about how resolute they are trying to misinform is seen in the job creation ballon, that lost all the air further down the road. But nobody seems to be paying much attention, just swallowing the lies as they are being trotted out. Stupidity has no cure.
Anonymous
7 comments:
As tariff collection goes up, consumer spending will go up too, due to price increases. That does not, in reality, shows that the economy is doing well and that consumers are spending more. The fact is they are only 'paying' more but buying less for the buck. How does that equate to a booming economy that only the USA leaders can boast about.
USA leaders like Howard Lutnick are still flogging a dead horse, telling USA consumers and people around the world that other countries are paying those tariffs. I can't figure out how in the world he is expecting USA consumers to believe him when they are facing price escalation each time they blink. Those who can see the picture must be wondering in what world is Howard Lutnick living in.
Lutnick is basically a bootlicker, kissing Trump's ass everyday. It is not the rest of the world that matters. The rest of the world are trading freely among themselves and getting goods and services cheaper than the Americans.
It is how the hillbillies are believing in Lutnick and all the Washington clowns fooling them in the circus. At the moment the hillbillies are just laughing and enjoying the clowning before the pain hits them real hard.
There is a new 100% tariff on pharma product. All this product are produced in Sinkieland by American companies, which account for 13% of our export to the land of free. My concern is whether our G is paying the tariff on behalf of this companies. If this is the case, then expect that the G will take the money from sillyporean soon.
Hello Son of A Gan that's between the American Pharmaceutical Companies problems of Dotard Tramp's Tarrifs on them
Let them settle their problem.
If the UAssA really needed these Pharmaceutical products and if the Americunts don't absorb these costs then that's their problems and their DEATHS.
The very most lose their businesses that's all.
Hello cannot find other businesses meh?
Dotard Trump wants them to go back they cannot find other buyers meh!
Learnt from China lah!
So naive and chiam ah!
Have more Swift Taylor here to alter all our pants and shirts mah!
More exhibitions of dogs and cats and plants and food!
That's the best and our FORTE!
There will be no need to sell to the Americans when the dollar becomes banana currency.
Drug manufactacturers globally still have to depend on China for raw materials for drug production, not just in USA, India and Singapore.
Imbeciles!! Think the UASSA brought all the World's Pharmaceutical Products!
Wah really sick and mentally Retarded country!
Needed designer drugs to be Zombies and shoot ownselves!
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