this post was submitted on 30 Jul 2025
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Work Reform

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[–] Professorozone@lemmy.world 3 points 3 days ago (6 children)

Maybe someone could explain to me how the short term inflation rate is 1.8%, but every tariff is at least 10%. I mean, in a country where nothing is made, which tariff free products are people buying? Is it just that many of the tariffs have not gone into effect yet? It's so hard to keep track.

[–] Joe_A@lemmy.world 1 points 3 days ago (1 children)

Worth noting that tariffs are not charged on the retail price but on the cost of goods when imported. The 10% is on what Walmart pays their suppliers. Still increases prices, but not by as much.

[–] Professorozone@lemmy.world 1 points 2 days ago

I'm aware of this but usually companies will do anything to increase profits and pass that extra cost immediately on to the consumer to plus a little extra for them.

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