Tariff Man and his tariff plan cause market plunges

lustylad's Avatar
It means exactly what it says - the average blue collar worker's real (inflation-adjusted) wages climbed by 1.7% during Trump's first 5 months.

American workers are enjoying a surge in their purchasing power.

Don't just stand there looking befuddled, Gristle. Cheer, cheer! Say Hooray!


bambino's Avatar
So that 5 month comparison that he's touting... its blue collar. He got it from Bessent's Pod Force One appearance.

So you're saying that effectively 1 month of TACO tariffs dropped inflation and produced 1.7% wage growth over a 5 month period. Originally Posted by HDGristle
Highest increase since 1968 Mr Gristle. Try harder. Tariffs and deportations were supposed crush wages. According to your and “sources”.
HDGristle's Avatar
Highest increase since 1968 Mr Gristle. Try harder. Tariffs and deportations were supposed crush wages. According to your and “sources”. Originally Posted by bambino
I don't need to. Bessent covered what he felt drove it and was keen not to give much credit to tariffs.

He reserved that, in a veiled way, as what he expects to unlock growth for blue collar jobs long-term

Recommend you listen to the whole podcast. He's a better messenger than Navarro, Lutnick or Trump.

He wasn't making the case that you and Lin Wood are trying to make and he's not wrong about the those numbers. But they have to hold the next 6 months or so... or twill be naught more than a blip and we won't talk about much until we look at the next president's first 5 months

Back to tariffs, did you notice how Trump walked put of the G7 with no trade deal with Japan?
HDGristle's Avatar
Some much needed focus on the slow dance with Japan

https://english.kyodonews.net/news/2...riff-deal.html
HDGristle's Avatar
With timing running out, how many trade deals do e expect by the end of the 90 day deadline?

Under 10 or over 10?

CNN is being mighty generous counting a China deal. They have him at 2.

https://www.cnn.com/2025/06/19/econo...trade-deals-g7
bambino's Avatar