Drudge Retort: The Other Side of the News
Friday, August 01, 2025

Yale Budget Lab The price level from all 2025 tariffs rises by 1.8% in the short-run, the equivalent of an average per household income loss of $2,400 in 2025$. This assumes the Federal Reserve does not react to tariffs and so the real income adjustment comes primarily through prices rather than nominal incomes; if the Federal Reserve reacted, the adjustment could in part come in the form of lower nominal incomes. Annual pre-substitution losses for households at the bottom of the income distribution are $1,300. The post-substitution price increase settles at 1.5%, a $2,000 loss per household.

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The new tariff rates Trump announced Thursday are the highest in nearly a century and will cost the average family about $2,400 this year, the Yale Budget Lab said.[image or embed]

— Axios (@axios.com) Aug 1, 2025 at 11:56 AM

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Pay up, suckers.

#1 | Posted by reinheitsgebot at 2025-08-01 01:43 PM | Reply

Daddy needs a new ballroom.

#2 | Posted by donnerboy at 2025-08-01 01:44 PM | Reply

And Trump voters will receive a $600 tariff rebate!

#3 | Posted by rstybeach11 at 2025-08-01 02:04 PM | Reply

$200 a month

meh... they can afford it

#4 | Posted by RightisTrite at 2025-08-01 05:54 PM | Reply

We are headed toward stagflation, it's going to get a hell of a lot worse, and the Fed lowering rates will only exacerbate it. It will make the Carter economy look like the good old days, I'm talking a Hoover type economy. It'll be so bad that no matter what numbers Dotard's "statisticians" cook up it will be clear as day that he's flushed the country down the golden crapper. Even if he wanted to stay for an unconstitutional third term, the people might just physically remove him from office.

My wife and went for our weekly trip to Costco yesterday. We spent $400, which is $50 to $100 more than normal, and the shopping cart was less full than usual. My wife likes to spend money and is not political, but she knows who's to blame. On the way home she said, "we have to cut back until this orange chit stain is gone." I had planned to retire next year, but I just told my Chief I'm planning to stick around until spring 2028. Then I will spend every waking minute either trying to get Dems elected, or as volunteer security to protect them from what's left of the rabid MAGAts.

#5 | Posted by _Gunslinger_ at 2025-08-02 07:19 PM | Reply

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Drudge Retort