Floor Daily

Polls show most Americans dislike tariffs

Poll shows 56% of Americans think Trump's tariffs hurt the economy

Nearly two weeks since the end of the Republicans' National Emergencies Act loophole Trump's updated reciprocal tariff rates should be exposed to congressional scrutiny

Fewer imports will mean fewer goods on store shelves

“fewer imports will eventually mean fewer goods on store shelves.”

Tariffs are taxes paid by U.S. importers resulting in higher prices for U.S. consumers less hiring lower business investment slower economy

“Tariffs are taxes paid by U.S. importers that will result in higher prices for U.S. consumers, less hiring, lower business investment and a slower economy.””

This will certainly lead to downturn in trade volumes by late September because inventories for holiday season will already be in hand

“This, in turn, will certainly lead to a downturn in trade volumes by late September because inventories for the holiday season will already be in hand.”

Small businesses are grappling with ability to stay in business

“Small businesses especially are grappling with the ability to stay in business.”

Import cargo volume at nation's major container ports is expected to end 2025 5.6% below 2024 volume

“import cargo volume at the nation’s major container ports is tentatively expected to end 2025 5.6% below 2024’s volume”

President Trump maintained increasing tariffs would benefit United States by boosting domestic manufacturing addressing trade deficits raising revenues

Supreme Court could soon throw many tariffs out

January’s jobs report was stronger than expected with 130000 positions added for month unemployment rate ticked down to 4.3 percent

Economy added only 181000 jobs over entire year down from earlier estimate of 584000

Household furnishings tools and sporting goods showed acceleration in price hikes after post-Covid years when prices fell

Apparel and footwear prices were fairly flat in February through May but shot a little higher in June up 1.7% from January

Goods prices are already on the rise in tariff-exposed categories both private-sector and federal data shows

“Tariffs are beginning to drive up consumer prices”

Rising goods prices are showing up in inflation data they have been largely overshadowed by factors such as falling gas prices and slowing price hikes for services

Goldman Sachs analysis puts share at about 20% remaining 80% of higher costs from tariffs split between US businesses and US consumers

Businesses frontloaded import orders near end of last year to prepare for disruptions from port strike and potential tariffs

“importers try to second-guess tariff levels by pulling forward imports before the tariffs take effect.”

Trade policy and tariffs are in flux announced tariffs have been postponed nixed or unexpectedly increased or decreased in size

“The forecast comes as tariffs on dozens of countries around the world that had been announced, postponed and then finally enacted after months of negotiations and deals began to take effect this week.”

Tariffs were applied in a staggered manner earliest tariffs went into effect in February and March bulk were not announced or applied until April or later

“The forecast comes as tariffs on dozens of countries around the world that had been announced, postponed and then finally enacted after months of negotiations and deals began to take effect this week.”