Even Trump's own voters believe consumers - not corporations - should get the refunds from the Trump tariffs. (n=4,380, fielded Jan 15-16, weighted to 2024 universe)
Voters across the political spectrum understand that this money was stolen from us, the consumers.
“Prices are like rockets & feathers. When they go up they go up quickly, and when they fall they fall slowly - if they fall at all.”
Even after today’s Supreme Court ruling striking down Trump’s tariffs, these higher prices are already baked in, @AlexSJacquez tells
Once prices go up, they rarely come back down.
And it's working families that are footing Trump’s bill.
As our @AlexSJacquez told @USATODAY, many businesses have already said they’ll raise prices *this* year because of tariffs paid *last* year.
Donald Trump could give you your money back tomorrow. Instead, he's going to fight against tariff refunds in court ... for five years.
Today’s Supreme Court ruling won’t bring relief to working families.
As @AlexSJacquez said: “Any consumer looking for relief from tariff-driven price hikes did not find it at the Supreme Court today.”
The damage to business investment & family budgets will linger long after
Alex is right. This report actually really helps explain why people are so angry about the economy right now.
No progress on inflation. Wage growth disappointing. Disposable income growth basically nonexistent.
Yikes.
Not a lot of good news this morning:
- Taking out the big tariff swings, final sales markedly slowing.
- No sign of price deceleration.
- Spending holding on, but real income collapsed and savings rate down, meaning we're dipping into rainy day funds to keep up.
Trump has two options here:
- Double down on his erratic tariff agenda that has proven ineffective the last year by pursuing other authorities to inflict maximum confusion and harm.
- Give the American people their money back and get to work on a trade agenda that actually
Trump admin must work quickly to give people back their stolen money.
Americans aren’t interested in Dem responses focused on Congress’s authority.
They want to know you are on their side in the fight against people and corporations driving crushing prices. Keep it simple.
I joined @scrippsnews to chat this morning's SCOTUS ruling on Trump's tariffs. TL;DR: Don't expect a refund anytime soon.
The impact on American companies and businesses remains unclear because the Court did not address whether and how companies should get refunds. I doubt consumer prices will go down meaningfully in the short term because of this. 2/
As @IsabellaMWeber, @Groundwork, & others have said for years: Companies move quickly to raise prices when their costs tick up. No sense of urgency on the way down, especially when they can take advantage of confused consumers.
Prices rise like a rocket and fall like a feather.
Making it harder to cancel a subscription can boost corporate revenues by over 200%. Americans overwhelmingly support bans on hidden or extra fees, and policymakers should act to protect families and restore trust. Read the @Groundwork report: https://groundworkcollaborative.org/work/taking-on-the-annoyance-economy/
Americans lose at least $165 billion a year navigating the “Annoyance Economy,” from customer service hoops to junk fees & spam calls. @AlexSJacquez says these practices harm low-income families, erode trust in institutions, and enrich corporations without any productive return.
Our new report on the Annoyance Economy shows how corporations can make up to 200% more revenue by making it more difficult to cancel a subscription.
“I'm looking at you, gym memberships, by the way.”
