President Trump's Across-the-Board Tariffs and Economic-Impact Policies Are Showing Their Negative Effects on the Employment Rate Based on the Latest BLS Report and on the Prices of Goods, Though Not of Services Overall, as Reflected in the Latest CPI (the Consumer Price Index of June of 2025) Report in the USA, the Reason Trump Fired Erika McEntarfer, the Chief of the US Bureau of Labor Statistics (BLS), on Friday, 08-01-2025, in His Petulant Reaction to the Then Publicly Released BLS Jobs and CPI Reports of June of 2025, Whose Statistics on Recent Employment Trends in the USA Under His Presidency He Especially Did Not Like — He Fires Her to Bully and Threaten Issuance of Future BLS Employment, If Not Also CPI, Regime-Friendly Propaganda Reports
US BLS Consumer Price Index Report for the Period Ending 06-30-2025 -- click on the following hyperlink to view it, Consumer Price Index Summary - 2025 M06 Results (bls.gov)
US BLS Producer Price Index Report for the Period Ending 06-30-2025 -- click on the following hyperlink to view it, Producer Price Index Home : U.S. Bureau of Labor Statistics (bls.gov)
US BLS Employment Trends Status Report for the Period Ending 06-30-2025 -- click on the following hyperlink to view it, The Employment Situation - June 2025 (bls.gov)
Audio-Video Newscast Report on the US Bureau of Labor Statistics Reports for the Month of July of 2025's Consumer Price Index (CPI) & Employment Performance [Statistics], Featuring an Interview with and Commentary by Nobel Prize-Award Economist Paul Krugman in Its 2nd Segment
Click on the following hyperlink to view the 12-minute-plus newscast: https://www.msn.com/en-us/news/politics/lawrence-trump-predicts-a-1929-style-result-if-trump-returns-the-tariff-money-he-illegally-took/vi-AA1Kq0xZ?ocid=socialshare
US BLS Consumer Price Index Report for the Period Ending 07-31-2025 -- click on the following hyperlink to view it, CPI Home : U.S. Bureau of Labor Statistics (bls.gov)
US BLS Producer Price Index Report for the Period Ending 07-31-2025 -- click on the following hyperlink to view it, Producer Price Indexes - July 2025 (bls.gov)
US BLS Employment Trends Status Report for the Period Ending 07-31-2025 -- click on the following hyperlink to view it, The Employment Situation - July 2025 (bls.gov)
US BLS reports are commonly go-back adjusted in their statistics and their final findings to figure into the previously timely published versions of them late-arrival feeder raw data from raw-data feeder delivery sources that collect and compile economic data on businesses large to small. Data on large businesses as a business category arrive to the US BLS, as a matter of course, timely and before the commonly substantially opposite for data on small businesses as a business category.
There is a lag time, which is increasingly manifesting, for the firm inflationary impact of MAGA-GOP Trump’s across-the-board tariffs on prices overall and their continuing growth to be broadly observed, felt and acknowledged, especially by MAGA-cult hardcore, alas financially heartbroken, delusional, becoming disillusioned, loyalists on the bottom and insecure middle rungs of the economic ladder. In part, this lag time is because, in the least, importers of foreign inputs that are needed for domestic producers' products and retailers of popular categories of foreign products have purchased and stockpiled such foreign products, at still bargain prices, before the start dates of the tariffs. At the end of the fiscal quarter that comes after these pre-tariff-era low-priced import inventories, of applicable US businesses, in comparison to much higher-priced inventories they purchase as of the onset of and during the Trump MAGA-GOP tariff era on imports to the USA, are cleared, then the unarguable impact of the Trump MAGA-GOP import tariffs on the businesses, consumers, workforces and overall economy of the USA will be decidedly felt and experienced to be in place and to have taken hold for whatever it really is.
Another restraint on the rapid rise in tariff-related inflation is that affected companies are attempting to delay and manage the range and rate of price increases so as to avoid inflicting sudden sticker, that is, price, shock on their customer populations that would incur much customer intense dissatisfaction, resentment and rapid collective pullback in the scale of their purchases. They could accomplish this by easing in, gradually making, necessary price increases and decreasing the volume of their imports, resulting in periodic and alternating or rolling shortages (rotational undersupply and shortages, akin to electrical-grid power-supply shifting-location brownouts and blackouts), already observed, of staple and high-turnover import-associated or impacted products, as well as in, as an alternative, likewise shortages in their inventories of domestic products, and the strategic discontinuation altogether from their inventory offerings of select both import and domestic products, to mitigate reductions in their positive cash flows and profit margins, undermined by their significant expenditures on tariffs. Inevitably, impacted businesses must in the near term pass forward to their business-to-business buyers and retail customers their tariff expenses, to recoup them, in the form of price increases in order for them to protect their positive cash flows and profit margins from shrinkage and trending negative, and to provide consistent and reliable otherwise full product spectrum availability, to their customers and their satisfaction on this business function, virtually free of or with a minimum of or rare major product shortages over the long term.
Across-the-board (comprehensive) or extensive tariffs on imports raise the costs and consequential prices of US producer products that are made with foreign inputs, wholesaler-importers of foreign inputs and finished goods, retailers of domestic and foreign goods, the prices of retail customers and also drive up prices because of reduced foreign price competition.
For now, the evident trend is that of incipient tariff-related inflation.
Trump's MAGA-GOP tariffs are another major federal tax, in the name of a tariff on foreign business and imports, imposed on and paid directly or subsequently and forthrightly downstream in and circulating throughout the US market economy by all major US businesses and retail customers, and felt, as well as paid, by retail customers virtually upon every check-out cashier total purchase at a major, if not most of any size, business, that are in addition to traditional federal income taxes, and larger than federal income taxes and harshly constituting a significant percentage share of their income for low-income people and overwhelmingly for adolescents and younger children. They are a federal, national, sales tax, the same as a point-of-sale-and-purchase national consumption tax, and reduce the purchasing power of all.
(Standford University Professor Michael McFaul posted on 08-06-2025 the following comment on the social media platform X.com that was made by US Treasury Secretary Scott Bessent on 08-05-2025
“Tariff revenue has continued rising under u/POTUS’ America First trade agenda, surging to record highs over the past four months. Collections remain well above last year’s levels and are now a stable, growing source of federal revenue.” McFaul rhetorically replied to it on X as follows “Tariffs are taxes. Trump is taxing American consumers.“
I highlighted the key phrase in Bessent’s comment "...a growing, stable source of federal revenue ..." and replied to it as follows, with my words in instances being a bit edited and polished herein
“at the expense and sufferance of our incomes and standards of living, as it is us, the businesses and consumers of the USA, that and who pay the MAGA-Trump's tariffs, tariff taxes. The tariff-sourced new federal tax revenue stream is another big tax bite out of our incomes (of middle and low income earners, but less than dust particles out of the household incomes of millionaire and billionaire income earners), and the tariffs, in their range and magnitude, were unwarranted until the bicameral US Congressional GOP-membership majorities legislated the Trump MAGA-GOP's federal budget deficit ballooning Big Beautiful Bill that gave big income tax cuts favoring big business and millionaire and billionaire earners and whose real and primary immediate purpose is to offset and pay down the newly spiked federal budget deficit -- click on: regarding the budget deficit, https://finance.yahoo.com/news/us-deficit-grows-291-billion-180509076.html? ; regarding the national debt, https://finance.yahoo.com/news/us-deficit-grows-291-billion-180509076.html? . Robert Reich, who recently retired as a university professor and who formerly was secretary of the US Department of Labor under former President Bill Clinton, in my slight paraphrase of him, referred to President Trump as a Trojan horse posing as a friend of populists and labor.”)
His proposed fees on tourists visiting the USA from abroad, if imposed on prospective tourists, would be a financial deterrent to tourism to the USA from abroad and are a beat down on and diversion of the spending power of middle-income tourists from abroad visiting the US in their otherwise spending of that money on US business products and services while they are tourists in the US, with the government fees charged to visiting tourists going to the MAGA-GOP-controlled federal government's black hole of the US Treasury instead of going to US businesses and employment and generally to the US market economy. Among many others, they would hurt venues of major-, minor- and school-league and Olympic international sports, traveling fashion shows, traveling historical- and fine-art gallery and museum exhibitions, all variety of international music and performing arts, dining, fun and family entertainment like Disney World and Las Vagas, etc., outdoorsmanship sightseeing and camping, and medical, scientific, academic and intellectual as well as religious exchange and conventions. They probably would also result in the governments of foreign nations imposing retaliatory fees on US tourists to their nations -- it would be very unpleasant financially to be charged such fees at each of multiple nations US citizens might want to visit or visit in a tourist cruise or while on vacation, or for business or political purposes or as a job assignment or as a mainstay feature of one's job, or as a professional writer or an international athlete, musician, beauty model, or such acclaimed academic, scientist or public intellectual, and so forth. Click on links: 1) Millions of travelers to the U.S. could be charged a new $250 "visa integrity fee" - CBS News : 2) https://www.msn.com/en-us/news/us/tourists-visiting-the-us-could-have-to-pay-15k-deposit-as-trump-clamps-down-on-overstaying-visas/ar-AA1JVssp?ocid=socialshare .
When the MAGA-GOP near-billionaire US Secretary of the Treasury Scott Bessent, MAGA-GOP billionaire US Secretary of Commerce Howard Lutnick and MAGA-GOP billionaire and godling US President Donald Trump exclaim "We brought in $130,000,000,000.00 from tariffs on imports (inputs and finished goods from foreign nations) in the first 6 months of the Trump Presidency!," remember that the US shoppers and businesses paid that $130,000,000,000.00 and that the poorest and middle-middle income shoppers paid at the same average tariff tax rate, wastefully consuming and dissipating a hurtfully and hellaciously greater percentage of their weekly (also weakly), monthly and yearly income, as the shoppers earning $500,000.00 to tens or scores, or more, in millions and billions of dollars per week, month or year.
When intellectually cornered by freedom of the press on the tax nature of the Trump MAGA-GOP tariffs on imports from foreign nations and who pays them, Treasury Secretary Bessent circuitously, evasively and reluctantly concedes the truth that, in essence, tariffs are taxes paid to the US Treasury by US importers and passed on domestically [to the chain of purchasers of those goods), as reported in the news article of the following click-on hyperlink, https://finance.yahoo.com/news/scott-bessent-finally-admits-truth-200740326.html .
All of the herein said economic impact, intended or unintended, policies of the MAGA-GOP Trump Presidency are brutal, bloody economic blows, in the offing, to the US economy. Back in early May of this year of 2025, I was in a conversation with a longtime stock-market investor about the effects of the MAGA-GOP Trump tariffs in which I was informed that the secretaries of the financial departments, like Scott Bessent and Howard Lutnick, of Trump’s executive branch cabinet were career businessmen and stock-market, including commodities, players and gamblers in investment companies and were not in any true sense, and depth-of-understanding, economists.
In addition to the assault on the US economy of the effect of the Trump MAGA-GOP's across-the-board tariffs on imports that are ultimately and definitively paid by US businesses and consumers, it is retailers, and worst of all, small and medium-sized business, including non-major restaurants, that soonest will suffer customer and income loss and scale down their costs with worker layoffs, in order for them to retain their profitability and survival, as well as fail financially, in their solvency and as going concerns, and go out of business, to start with, because of the nationwide, especially in the major cities, reductions in force, and their continuation, of federal civil service workers and ICE mass removal, deportation and intimidated flight of classes of refugee immigrants heretofore officially granted protected residency status by the US government, numbering in the high hundreds of thousands of persons, whose such status has been arbitrarily revoked by the Trump Administration, and many fold more undocumented immigrants, mainly of Latin America and Caribbean origin, from the grunge-labor, subminimum-wage, minimum-wage and small-business job market, which often depend for their profitability and survival on the latter labor pool. Many of the workers, and longtime resident small business owners and operators, of these three workforces will abruptly or shortly, and collectively, or en masse, lose their spending from loss of earnings, their savings and bank accounts, their homeownership investments or rental residences, furniture and appliances, their cars, etc., and not continue to pay their creditors for the bills associated with these and typical other monthly bills. Many others stigmatized and targeted for the eventual same fate will also abruptly or shortly lose their ability to financially support themselves and their families. (Trump, under pressure from the companies of the agricultural and large hotel and restaurant business sectors, has exempted their employees from ICE raids, apprehension, detention and deportation.) As a result, the affected businesses will suffer financial complications, setbacks, downturns and losses, and in their financial relationships with their creditors and vendors, and will need to make negative adjustments in their costs of doing business.
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