Floor Daily

Polls show that most Americans dislike them.

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 eventually mean fewer goods on store shelves.

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

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.

“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, 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.

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

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

Import cargo volume at the nation’s major container ports is tentatively expected to end 2025 5.6% below 2024’s 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 has maintained that increasing tariffs on international goods would benefit the United States by boosting domestic manufacturing addressing trade deficits and raising revenues for the U.S. government.

The Supreme Court could soon throw many of them out.

January’s jobs report was much stronger than expected, with 130,000 positions added for the month as the unemployment rate ticked down to 4.3 percent, according to data released on Wednesday.

The economy added only 181,000 jobs over the entire year, down from an earlier estimate of 584,000.

Household furnishings, tools and sporting goods showed an 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 — particularly in tariff-exposed categories — are already on the rise, both private-sector and federal data shows.

“Tariffs are beginning to drive up consumer prices”

Rising goods prices are showing up in the inflation data; however, they’ve largely been overshadowed by factors such as falling gas prices and a continued slowing of price hikes for services, particularly rent and housing.

A Goldman Sachs analysis puts that share at about 20%, meaning that the remaining 80% of higher costs from tariffs (which are added to the price of wholesale goods when they hit US soil) have been split between US businesses and US consumers.

Inventories were loaded up before tariffs hit: Near the end of last year, businesses frontloaded import orders to prepare for any disruptions that could come from a massive, and short-lived East and Gulf Coast port strike and also to get ahead of 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: There have been plenty of instances where announced tariffs have been postponed, suddenly 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 have been applied in a staggered manner: The earliest tariffs went into effect in February (China, non-USMCA goods) and March (steel, aluminum), but the 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.”