Tariffs now acting like massive tax hike, 17.5% blended rate begins crushing consumer, business margins; Nearly 160 companies will lay off employees throughout June

After months of speculation about what duties will be implemented, we are finally starting to fully see the impact of tariff policies in the government cashflows data. Today the blended rate stands at around ~17.5%. pic.twitter.com/94MZRJOiFj — Bob Elliott (@BobEUnlimited) …

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So companies are essentially eating these tariffs because they can’t pass the cost onto the consumer anymore. They are tapped out. Can’t wait to see earnings next quarter

I read about this yesterday. So companies are essentially eating these tariffs because they can’t pass the cost onto the consumer anymore. They are tapped out. Can’t wait to see earnings next quarter 💀 https://t.co/Vi0ML0ILAZ — QE Infinity (@StealthQE4) May …

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