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#prices

20 posts15 participants0 posts today
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Nonilex

As #EggPrices soared, so did producer #profits

A #USDA program doled out hundreds of millions in relief payments to big egg companies, even as the largest earned record profits.

The #AvianInfluenza outbreak has had far-reaching consequences: >120M hens have been slaughtered & #egg #prices have risen to record levels. In his address to Congress, #Trump called the situation “out of control.”

Yet for some #corporate companies, these are good times.

#BirdFlu #Profiteering
washingtonpost.com/business/20

The Washington Post · As egg prices soared at the supermarket, so did producer profitsBy Peter Whoriskey
Continued thread
Public
Nonilex

If other #carmakers make similar moves, the #economic impact could be severe, leading to higher #car #prices & widespread #layoffs. The #tariffs on #cars are among the first of several industry-specific levies that #Trump has in his sights & could offer early clues about how businesses will respond to his #trade policies, including whether they raise #prices or increase manufacturing in the US. Trump also wants to #tax the imports of #medicines & #ComputerChips.

#economy#inflation#recession
Continued thread
Public
Nonilex

The CGTN video displays images of car factories & humanoid robots dancing in burned-out streets.

"You taxed each truck, you taxed each tire. Midwest burnin' in your dumpster fire," the automated voice sings.

Economists say #consumers are likely to see higher #prices due to the #TradeWar & that the #US #economy could enter a #recession, while some US #trade partners are putting their own levies on American products - effects that #Trump has called a "disturbance". [he’s the disturbance]

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