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#useconomy

6 messages5 participants0 message aujourd’hui
Public
DrALJONES

Analysis: Tariffs are taxes. "Americans, not foreigners, pay them through higher prices."

Treasury Sec Scott Bessent admitted that tariff payments come from American importers, not foreign sellers, & importers often pass the costs to consumers.

Trump's so-called “deals” with trading partners are mere power play, & the tariffs are starting to hurt the economy.

zeteo.com/p/maga-is-being-conn

#Tariffs #USPol #EuroPol #Inflation #USEconomy #USTaxes .

Zeteo · MAGA Is Being Conned: Trump's Tariffs Are Just Taxes by Another NamePar John Harwood
Public
DrALJONES

Analysis: Tariffs are taxes. "Americans, not foreigners, pay them through higher prices."

Treasury Sec Scott Bessent admitted that tariff payments come from American importers, not foreign sellers, & importers often pass the costs to consumers.

Trump's so-called “deals” with trading partners are mere power play, & the tariffs are starting to hurt the economy.

zeteo.com/p/maga-is-being-conn

#Tariffs #USPol #EuroPol #Inflation #USEconomy #USTaxes .

Zeteo · MAGA Is Being Conned: Trump's Tariffs Are Just Taxes by Another NamePar John Harwood
Public
DrALJONES

Analysis: Tariffs are taxes. "Americans, not foreigners, pay them through higher prices."

Treasury Sec Scott Bessent admitted that tariff payments come from American importers, not foreign sellers, & importers often pass the costs to consumers.

Trump's so-called “deals” with trading partners are mere power play, & the tariffs are starting to hurt the economy.

zeteo.com/p/maga-is-being-conn

#Tariffs #USPol #EuroPol #Inflation #USEconomy #USTaxes .

Zeteo · MAGA Is Being Conned: Trump's Tariffs Are Just Taxes by Another NamePar John Harwood
Public
DrALJONES

Analysis: "Trump's Tariffs Are Just Taxes by Another Name".

"Americans, not foreigners, pay them through higher prices."

Treas Sec Scott Bessent admitted that tariff checks come from American importers, not foreign sellers, & importers often pass the costs to consumers.

Trump's so-called “deals” with trading partners are mere power play, & the tariffs are starting to hurt the economy.

zeteo.com/p/maga-is-being-conn

#Tariffs #USPol #EuroPol #Inflation #USEconomy #USTaxes .

Zeteo · MAGA Is Being Conned: Trump's Tariffs Are Just Taxes by Another NamePar John Harwood
Public *
DrALJONES

Analysis: "Trump's Tariffs Are Just Taxes by Another Name".

"Americans, not foreigners, pay them through higher prices."

Treas Sec Scott Bessent admitted that tariff checks come from American importers, not foreign sellers, & importers often pass the costs to consumers.

Trump's so-called “deals” with trading partners are mere power play, & the tariffs are starting to hurt the economy.

zeteo.com/p/maga-is-being-conn

#Tariffs #USPol #EuroPol #Inflation #USEconomy #USTaxes .

Zeteo · MAGA Is Being Conned: Trump's Tariffs Are Just Taxes by Another NamePar John Harwood
Suite du fil
Public *
ˈdälfən™🐬 💥 🌊

/2 🧵

Steve Miller, chair of the ISM Services Business Survey Committee, spoke of the “resilience” of the US #services sector, but said there is “no question” that “tariffs are raising prices-paid, a potential driver of future #inflation.”

He also said, “Our contraction readings…indicate that the BLS numbers will continue to be weak through the rest of the summer.”

(Keep that in mind as Trump’s gov’t comes out w/ future economic numbers)

The ISM services employment gauge has now contracted for two straight months, and four times over the past five months. The contraction in the employment index doesn't appear to be coming from layoffs but from a slowdown in hiring activity and providers not backfilling open positions, Miller said. https://www.bloomberg.com/news/articles/2025-08-05/us-service-activity-nearly-stagnates-as-employment-contracts Accessed: 5 August 2025 at 1530 CST
The Bureau of Labor Statistics' downward revision of its May and June jobs numbers make more sense given the ISM employment results, Miller also said. "Our contraction readings in June and July indicate that the BLS numbers will continue to be weak through the rest of the summer," he said. https://www.bloomberg.com/news/articles/2025-08-05/us-service-activity-nearly-stagnates-as-employment-contracts Accessed: 5 August 2025 at 1530 CST
#USA#USeconomy#economics
Public *
ˈdälfən™🐬 💥 🌊

US Economy Flashing Warning Signs—

with the services sector showing signs of stagnation~

Services make up ~”more than 2/3 of overall US economic activity,” yet seem to get little attention from the Trump Admin, which is highly focused on the production of goods.

The data from The Institute for Supply Management coincides with the BLS’s revised jobs report (which #trump fired the BLS commissioner over).

/1🧵
#USA #USeconomy #economics
—

* fredblog.stlouisfed.org/2024/0
—
bloomberg.com/news/articles/20

The Institute for Supply Management's index of services declined last month to 50.1, below all estimates in a Bloomberg survey of economists. Readings above 50 indicate expansion. The employment index dropped to 46.4, contracting for the fourth time in five months and marking one of the lowest readings since the pandemic. The group's measure of prices paid for materials and services, meanwhile, climbed to the highest since October 2022. The data, released Tuesday, paint a picture of a sluggish service economy wrestling with the fallout of higher tariffs, cautious consumers and uncertainty stemming from President Donald Trump's policies. https://www.bloomberg.com/news/articles/2025-08-05/us-service-activity-nearly-stagnates-as-employment-contracts Accessed: 5 August 2025 at 1530 CST
The image displays four line graphs related to the US service economy, titled "US Service Economy Nearly Stalls as Demand Cools." The graphs illustrate the trends of the PMI Services Index, New Orders Index, Employment Index, and Prices-Paid Index from July 2024-current. Overall trends (with marked fluctuations): PMI Services Index—decreasing, New orders index— decreasing, Employment index — decreasing (with major fluctuations), Prices-paid index— increasing https://www.bloomberg.com/news/articles/2025-08-05/us-service-activity-nearly-stagnates-as-employment-contracts Accessed: 5 August 2025 at 1530 CST
"Continued expansion of activity in new orders index together with a slight improvement in the backlog of orders index highlight the resilience of the US services sector," Steve Miller, chair of the ISM Services Business Survey Committee, said on a conference call. "No question, however, the tariffs are raising prices-paid, a potential driver of future inflation." Eleven services industries reported growth in July, including transportation, wholesale trade and finance. Seven industries contracted, led by accommodation and food services. The services sector is by far the largest in the US economy, and has helped drive growth this year while the manufacturing industry contracted for five straight months. https://www.bloomberg.com/news/articles/2025-08-05/us-service-activity-nearly-stagnates-as-employment-contracts Accessed: 5 August 2025 at 1530 CST
But the latest report aligns with an economy that's flashing warning signs. Data out last week showed a much weaker labor market previously thought after revisions to May and June, and inflation-adjusted consumer spending barely rose. https://www.bloomberg.com/news/articles/2025-08-05/us-service-activity-nearly-stagnates-as-employment-contracts Accessed: 5 August 2025 at 1530 CST
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