{"id":1053076,"date":"2025-06-02T21:39:33","date_gmt":"2025-06-03T01:39:33","guid":{"rendered":"https:\/\/democrats.org\/?p=1053076"},"modified":"2025-06-02T21:39:34","modified_gmt":"2025-06-03T01:39:34","slug":"%f0%9f%8c%ae%f0%9f%9a%a8-taco-tuesday-came-early-trumps-erratic-flip-flop-throws-the-economy-into-chaos-again","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/%f0%9f%8c%ae%f0%9f%9a%a8-taco-tuesday-came-early-trumps-erratic-flip-flop-throws-the-economy-into-chaos-again\/","title":{"rendered":"\ud83c\udf2e\ud83d\udea8 TACO Tuesday Came Early: Trump\u2019s Erratic Flip-Flop Throws the Economy into Chaos AGAIN\u00a0"},"content":{"rendered":"\n
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In response to Donald Trump changing his mind on his unaffordable national tax yet again,<\/em> DNC Chair Ken Martin released the following statement:<\/em><\/strong><\/p>\n\n\n\n

\u201cWhat the hell is Donald Trump doing? Trump is once again throwing our economy into chaos on a whim, leaving hardworking families with sky-high costs and small businesses to suffer. It\u2019s past time Trump realizes the economy is serious business \u2014 not a game of chicken.\u201d <\/p>\n\n\n\n

NEW: Trump once again flip-flopped on his own unaffordable national tax \u2014 less than a day after Trump\u2019s Commerce Secretary swore there were no changes coming \u2014 throwing small businesses and the American economy into chaos. <\/strong><\/p>\n\n\n\n

Bloomberg<\/a>: \u201cThe US confirmed it\u2019s extending the tariff pause on some Chinese goods to Aug. 31.<\/strong> The dollar tumbled to its lowest since 2023 on the latest trade developments.\u201d <\/p>\n\n\n\n

BBC<\/a>: \u201cTrump\u2019s tariffs \u2018not going away\u2019<\/strong> as deadline for deals looms, top adviser says\u201d<\/p>\n\n\n\n

\u201cUS President Donald Trump is not planning to extend the pause to his sweeping global tariffs, Commerce Secretary Howard Lutnick said.\u201d <\/strong><\/p>\n\n\n\n

USA Today<\/a>: \u201cPresident Donald Trump has bemoaned a new acronym that has been used to describe his approach to tariffs.<\/p>\n\n\n\n

\u201cFinancial Times columnist Robert Armstrong coined \u2018TACO trade\u2019 in May,<\/strong> describing how some investors anticipate market rebounds amid Trump\u2019s on-again, off-again tariff policies. \u2026 <\/p>\n\n\n\n

\u201cThe acronym stands for \u2018Trump always chickens out.\u2019\u201d<\/strong><\/p>\n\n\n\n

Mint<\/a>: \u201c21 times Trump changed his mind about tariffs <\/strong>since <\/strong>February <\/strong>7, a curated list of events\u201d <\/p>\n\n\n\n

New York Times<\/a>: \u201cA Timeline of Trump\u2019s On-Again, Off-Again Tariffs\u201d <\/p>\n\n\n\n

\u201cMr. Trump\u2019s strategy has already upended diplomatic ties, shaken markets and confounded entire industries.<\/strong> The tariffs target nations that supply a wide variety of goods to the United States, and Americans are likely to see higher prices on cars, electronics, groceries, liquors, lumber and gas as a result.\u201d <\/strong><\/p>\n\n\n\n

Trump\u2019s messy and chaotic agenda is hurting small businesses and raising prices on working families. <\/strong><\/p>\n\n\n\n

CNN<\/a>: \u201cSmall businesses struggle under Trump\u2019s tariff whiplash: \u2018I\u2019m so angry that my own government has done this to me\u2019\u201d <\/strong><\/p>\n\n\n\n

\u201cFor some small businesses, the last week brought even more twists and turns to the past two months of President Donald Trump\u2019s chaotic tariffs. \u2026<\/p>\n\n\n\n

\u201cThe confusion has made it challenging for some small companies to plan, <\/strong>business owners told CNN. In certain cases, they have had to consider changing their product strategy, looking into shifting their supply chains, reducing staff hours or delaying products.<\/strong><\/p>\n\n\n\n

\u201cThe whiplash has been hard for companies to keep up with.<\/strong> Even major brands like apparel giant Gap are feeling the impact of tariffs, but small companies with far fewer resources are in an even tougher spot. The National Federation of Independent Business Small Business Optimism Index fell by 1.6 points in April<\/strong>, dipping below the 51-year average for the second consecutive month. The organization\u2019s chief economist, Bill Dunkelberg, cited uncertainty as a \u2018major impediment\u2019 for small business owners in a press release.\u201d <\/strong><\/p>\n\n\n\n

MSNBC<\/a>: \u201c\u2018Cleanup on aisle six\u2019: Even Karl Rove thinks Trump\u2019s tariff policy looks like a mess\u201d<\/strong><\/p>\n\n\n\n

Axios<\/a>: \u201cMore than 70% of U.S. small and mid-sized businesses say tariffs have already increased their operating costs \u2026 <\/strong><\/p>\n\n\n\n

\u201c72% of U.S. companies said tariffs have already increased their costs, and 77% expect those costs to rise further by the end of the year.\u201d <\/p>\n\n\n\n

CNBC<\/a>: \u201cHere are the retailers raising prices as Trump tariffs take hold\u201d <\/strong><\/p>\n\n\n\n

Associated Press<\/a>: \u201cJohn David Rainey, [Walmart\u2019s] chief financial officer, emphasized that prices are going up on many necessities.<\/strong> The price of bananas,<\/strong> imported from Costa Rica, went up to 54 cents per pound from 50 cents <\/strong>per pound, for example. And he thinks that China-made car seats, which currently sell for $350 at Walmart, will likely go up another $100.\u201d<\/strong> <\/p>\n\n\n\n

USA Today<\/a>: \u201cFord Motor Co. is hiking prices<\/strong> \u2026 becoming one of the first major automakers to adjust sticker prices in response to President Donald Trump\u2019s tariffs.\u201d<\/strong><\/p>\n\n\n\n

Reuters<\/a>: \u201cExclusive: Subaru of America increases vehicle prices, citing market conditions\u201d<\/strong> <\/p>\n\n\n\n

A majority of Americans are rejecting Trump\u2019s failed economic agenda \u2014 and expect things to get worse. <\/strong><\/p>\n\n\n\n