He denies that he's backpedaling.
The story in the Washington Post, quoting so-called anonymous sources, which don't exist, incorrectly states that my tariff policy will be pared back. That is wrong. The Washington Post knows it's wrong. It's just another example of Fake News.
Unfortunately, now Trump's hackles are up. What was probably a normal "person with knowledge" background conversation on efforts to blunt the worst now has him entrenched.
It's a fair question whether his words are entrenched or his actions are entrenched.
I think it's politically consistent enough for Trump to say blanket tariffs starting in January won't happen, but that they will happen eventually during his administration. So the "fake news" part of the WaPo report was the implication that they'd be permanently scaled back, when in fact Trump has merely spread them over a period of time to allow for negotiations.... yea... that. Nothing to do with the advisors nervously looking at
Core PCE being stuck in the 2.7% to 2.8% range for months and thinking about the sudden addition of 3-5% to that.
My pulled-ahead purchases so far include:
-a new roof and lumber for a major exterior remod
-illegal immigrant labor to perform the remod
-tires, which were needed anyway, but not yet critical
-a laptop computer (used, but still)
-tools and materials for future projects
-a 5g iphone off of ebay
-various consumables like light bulbs, fridge filters, towels, sheets, etc.
Not yet, but still need to purchase:
-12v batteries for the cars
-more building materials
-house paint
-shoes
So I've spent maybe $30k in the past two months, mostly on stuff that needed to happen anyway. The pulled ahead portion of this, which I might otherwise have done six months from now, was maybe $800.