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Sticky inflation and tariffs on imports proposed and implemented by President Donald Trump are expected to temper demand for non-essential categories such as home furnishings and electronics that make up more than two-thirds of Target's sales, as well as a significant part of sales at Walmart, Costco, and other retailers. 🇺🇸 Given the White House’s current economic plan for many Americans it makes sense to start saving money now for the higher costs of electronics, clothing, etc. for an unknown number of years.🇺🇸
The White House is saying it’s tariffs will move jobs back to the US, however American employees get paid more than (underpaid) employees in other countries, American companies will pass those higher costs on to American customers.
If American companies stay in foreign countries and pay the White House tariffs they will pass on the cost of the tariffs to Americans customers. Either way Americans could be paying higher prices for an unknown number of years with the current White House economic plans.
The Zelensky Trump meeting seemed to be the White House billionaires trying to distract everyone from the fact that their economic policies are causing a decline in the US stock market, raising prices for all Americans via tariffs, cutting existing services to Americans just so that the White House billionaires don’t have to pay taxes 🇺🇸
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American seniors should start saving money and financially planning for White House staffing cuts at both the understaffed Medicare (CMS) and the Social Security Administration combined with a US stock market that may be steadily declining for the next year and possibly the next 4 years based on current White House economic policies. 🇺🇸
Dow tumbles more than 600 points, S&P 500 posts biggest loss since December as Trump says tariffs will proceed 🇺🇸
Contact your Republican and Democrat members of Congress at 202-224-3121 to voice your concerns, more than 80% are up for reelection next year and should hear from concerned American citizens. 🇺🇸
The Social Security Administration plans to cut 7,000 workers, it announced on Friday, as part of the Trump administration's plan to slash the size of the federal workforce. Delayed payments, longer wait times can be expected, several agency employees said. 🇺🇸
Medicare and Medicaid agency faces compromised functions and disruption from Trump’s firings 🇺🇸 It’s unclear, but this could lead to further delays in approval of medical care, prescription coverage, etc. for American seniors
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Will the White House policies trigger stocks to decline all year as they have for the last month? The Atlanta Fed predicts negative 1.5% GDP growth in the first quarter. 🇺🇸 US consumer spending, which accounts for more than two-thirds of U.S. economic activity, dropped 0.2% last month. That was the first decline since March 2023 and the biggest decrease in nearly four years. With current White House economic policies it seems likely Americans will continue to cut back on spending for the rest of the year or maybe the next four years. 🇺🇸
Contact your Republican and Democrat members of Congress at 202-224-3121 to voice your concerns, more than 80% are up for reelection next year and should hear from concerned American citizens. 🇺🇸
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