Prime Minister Shigeru Ishiba on Saturday vowed to realize wage hikes that keep up with the soaring cost of living, at his first May Day event since taking office last autumn. https://www.japantimes.co.jp/business/2025/04/26/ishiba-wages/?utm_medium=Social&utm_source=mastodon #business #unions #jobs #wages #shigeruishiba #rengo #inflation
The report did not include the impact of possible retaliatory #tariffs. The economic impact of those for #US producers would be much more significant [& certainly a portion if not all of the added #costs would be passed on to #consumers].
…The group has argued #tariffs would undermine efforts to boost domestic manufacturing, a goal of #Trump.
#Pharmaceutical products have long been spared from trade wars due to the potential harms, but he has repeatedly threatened a 25% tariff on pharmaceutical imports.
Last week, the Trump admin announced probes into pharmaceutical imports, citing [BS] #NationalSecurity concerns over reliance on foreign #drug production.
The analysis, conducted by Ernst & Young, found the #UnitedStates imported $203B in #pharmaceutical products in 2023, with 73% coming from #Europe – primarily #Ireland, #Germany & #Switzerland. Total #US sales of finished #pharmaceuticals that year were $393B.
The report, dated April 22 & not made public, was commissioned by the main US #PharmaceuticalLobby….
Exclusive: US #pharma #tariffs would raise US drug costs by $51B annually
A 25% #Trump #tariff on #pharmaceutical imports would increase US #drug #costs by nearly $51 billion annually, boosting US #prices by as much as 12.9% if passed on, a report commissioned by the industry's US #trade group & reviewed by Reuters shows.
#economy #PersonalFinance #medicine #drugs #pharmaceuticals #inflation #recession
https://www.reuters.com/business/healthcare-pharmaceuticals/us-pharma-tariffs-would-raise-us-drug-costs-by-51-bln-annually-report-finds-2025-04-25/
Car dealerships in US offering "pre-#tariff" pricing now while inventory lasts!
#inflation
#tariffs
#CNBC
#recession
#investing
#premarket
#election2026
#2026election
«There is evidence that policy #uncertainty and #inflation uncertainty correlate over time», chart Gov Adriana D. Kugler @federalreserve https://www.federalreserve.gov/newsevents/speech/kugler20250402a.htm
Trump #Tariffs and Consumer #Inflation Expectations
#Fed versus supply-side #inflation from #tariffs
(in German)
https://acemaxxanalytics.substack.com/p/trump-tariffs-and-consumer-inflation
The pace of inflation in Tokyo picked up from the previous month to the fastest pace in two years, data showed on Friday, supporting the Bank of Japan’s rate-hike stance. https://www.japantimes.co.jp/business/2025/04/25/economy/tokyo-inflation-up-april/?utm_medium=Social&utm_source=mastodon #business #economy #tokyo #inflation #economicindicators #japaneseeconomy #schools #food #energy #internalaffairsministry #tariffs #us
What caused post-pandemic inflation? Hint: It wasn't the fed spending. Rather, it was these:
"During the Covid lockdowns, there was a sharp rise in personal savings, as risk-averse consumers reduced spending."
When the economy re-opened, there were large savings to spend.
"The result was strong growth in demand & a strong economic recovery with rapid job growth.
Along w/ major supply constraints, the result was bottlenecks & higher prices.
https://www.economicshelp.org/blog/169072/economics/to-what-extent-did-covid-cause-inflation/
@kims I just spent more than $5 for one dozen store brand eggs. I also spent $2.50 for a single avocado and $6 for a loaf of bread. 85/15 ground beef is over $7 a pound. A 12 roll package of Cottonelle toilet paper is about $15.
In the greater Las Vegas area you'll pay $4 for a gallon for "regular" gas at name brand stations.
Prices are not down.
Trump's falling approval ratings over the past month, including in the Fox News poll, are evidence that Americans are deeply concerned about *both* Trump's destruction of the American economy *and* his betrayal of core American values like due process and free speech.
#China disputes #Trump, instructions include removing all #tariffs.
#tariff
"China says there are no negotiations with the U.S. over tariffs."
https://www.ctvnews.ca/world/trumps-tariffs/article/china-says-there-are-no-negotiations-with-the-us-over-tariffs/
#premarket
#investing
#inflation
#recession
(a current experiment of mine)
I asked #AI to create me a quick visual to compare types of #inflation expectations (content: my input) and their predictive power (content: my input). And this is the result:
US markets digesting Q1 losses. Expect earnings revisions.
#premarket
#recession
#tariffs
#inflation
#investing
Prime Minister Shigeru Ishiba’s decision to tentatively lower gasoline prices by ¥10 per liter drew ire from opposition parties calling for axing the provisional gasoline tax. https://www.japantimes.co.jp/news/2025/04/23/japan/politics/ishiba-gasoline-prices/?utm_medium=Social&utm_source=mastodon #japan #politics #shigeruishiba #inflation #oil #energy #electricity #dpp #cdp #komeito
Japan is considering using increased rice imports from the U.S. as a negotiating tool in tariff talks with the administration of U.S. President Donald Trump, according to various media reports. https://www.japantimes.co.jp/business/2025/04/23/economy/rice-minimum-access/?utm_medium=Social&utm_source=mastodon #business #economy #rice #inflation #tariffs #donaldtrump #consumerspending #ryoseiakazawa #takueto #trade #usjapanrelations #us
