It’s hard to keep up with the state of tariffs under the current US administration. They target countries that supply a wide variety of goods to American consumers, including cars, electronics, groceries, liquors, lumber, and the list goes on.
There has been a lot of debate over how these on-again, off-again measures will ultimately affect the average citizen, and lately, people have begun to notice the bottom line. To help each other gain a better understanding of the true situation, they have also started sharing pictures of their new receipts, and they paint a vivid picture of the changing economic landscape.
#1
It’s Happening
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#2
Tariffs anyone? This is gonna be ridiculous
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The President reportedly had five tariff goals:
- Better trade deals. What Trump said: “I have great respect for President Xi of China, great respect for China, but they were taking tremendous advantage of us.”
- Boosting American industry. What Trump said: “Jobs and factories will come roaring back into our country… We will supercharge our domestic industrial base.”
- Facing off with China. What Trump said: “I have great respect for President Xi of China, great respect for China, but they were taking tremendous advantage of us.”
- Raising revenue. What Trump said: “Now it’s our turn to prosper, and in so doing, use trillions and trillions of dollars to reduce our taxes and pay down our national debt, and it’ll all happen very quickly.”
- Lower prices for US consumers. What Trump said: “Ultimately, more production at home will mean stronger competition and lower prices for consumers. This will be indeed the golden age of America.”
#3
Insane Hy-Vee prices (+ tariffs)
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#4
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#5
I just got charged a tariff surcharge
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Income from U.S. tariffs did hit a record level in April as revenue from the new trade policy started kicking in.
Customs duties totaled $16.3 billion for the month, some 86% above the $8.75 billion collected during March and more than double the $7.1 billion from a year ago.
While the United States is still running a massive budget deficit, the influx of tariffs helped shave some of the imbalance for the month in which the Treasury generally runs a surplus because of the income tax filing deadline.
The surplus amounted to $258.4 billion for the month, up 23% from the same period a year ago. That cut the fiscal year-to-date total to $1.05 trillion, which was still 13% higher than a year ago.
#6
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#7
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#8
I was told China would pay for these tariffs…
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#9
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However, the tariff policy is projected to cause a sharper slowdown in economic growth in the United States and around the world than previously expected, the Organization for Economic Co-Operation and Development (OECD) said in a Tuesday report.
The organization predicts that GDP growth in the United States will slow to nearly half its 2024 pace in the next two years, falling from 2.8% last year to just 1.6% in 2025 and 1.5% in 2026 due to the “rising trade costs.”
#10
I ordered an instrument made in Poland to be shipped to the US. (~2k usd) I thought there might be some fee, but $640 seems excessive. What exactly are these gov fees and ups brokerage paying for? Is that tariffs?
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#11
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#12
It seems as though chickens are now priced higher than beef. I wonder if the magats are getting their remorse yet, but here we go.
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#13
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Global growth as a whole is expected to shrink from 3.3% in 2024 to 2.9% in both 2025 and 2026, dropping below the at least 3% growth recorded year-over-year since 2020.
The forecast is notably grimmer than the one the OECD released in March, when it projected the American economy would grow at a 2.2% pace this year and the world as a whole would experience 3.1% growth.
#14
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#15
Looking over receipts and noticed I was charged a 6.25% tariff at Fabletics. First time I have seen this on a receipt. Did a little research and found all Fabletics products are from China. I realize companies build in extra fees such as tariffs in their product pricing. I am not sure if I like knowing what the tariff fee is upfront or having it built into the overall price.
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#16
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“The global economy has shifted from a period of resilient growth and declining inflation to a more uncertain path,” said OECD Secretary-General Mathias Cormann.
“Governments need to engage with each other to address any issues in the global trading system positively and constructively through dialogue, keeping markets open and preserving the economic benefits of rules-based global trade for competition, innovation, productivity, efficiency, and ultimately growth.”
#17
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#18
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#19
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#20
Are “import charges” the same thing as tariffs? I know that everything is up in the air right now, but I’m asking in case anyone knows and has an answer. I’m want to order something on AliBaba and there are import charges. Are these the tariffs? Or am I going to have to pay more upon delivery on top of these import charges?
Image credits: skinnypigdesigns
Executives at major corporations, including Target, Goldman Sachs, and Pepsi, have been mentioning the same one-word boogeyman: uncertainty.
A couple of court rulings last week thrust Trump’s steepest tariffs into limbo, adding another layer of unpredictability as federal appeals court judges determine whether a major swath of the policies pass legal muster.
#21
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#22
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#23
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“These pretty significant policy changes – whether they’re coming out of the administration or the courts – can have a big financial impact on companies,” Gregory Brown, a finance professor at the University of North Carolina, told ABC News. “Profits can turn to losses, and vice versa.”
“It has to be nerve-racking for people on the front lines of this in terms of having their businesses or jobs highly affected,” Brown said.
#24
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#25
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#26
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#27
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#28
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#29
Inflation (and Tariff) example- same product in Canada and the USA
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#30
Beware buying from formulamod store. Extreme tariff overcharging. I ordered a bykski tk220 pump res combo last week for about $160 before the proposed tariffs off aliexpress. I received a message asking for an extra 11 cents. Today I get a message saying they want an extra $99.75 to cover tariffs. I promptly canceled my order and reported them to aliexpress. I went and found the same item and added it to my cart. It shows $161 for checkout with no mention of a tariff surcharge. They will probably hit you up after purchase like they did to me. Buyer beware. I’ve attached screenshots of their prices and the message I received after my order asking for $99.75. That is way more than the clown’s tariffs
Image credits: VegetableSevere6542
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