Bloomberg: “Trump Has Already Ruined Christmas”

Bloomberg News reports:

Because the process of bringing goods to the US starts months in advance of their appearance on store shelves, a whole host of disruptions has already been baked into the rest of 2025, even if the average person can’t see them yet.

In particular, it could be slim pickings for many seasonal goods commonly imported from China—prom and wedding dresses, fireworks for the Fourth of July, new TVs for football season, laptops for kids going off to college, and toys and gadgets and beauty product gift sets for Christmas—just as Americans head to stores looking for them.

An extended period of shortages and financial strain on regular people might lead us into a very tariffed holiday season.

Read the full article.

Clean coal and raw milknog for everyone!

New Buying Power: For this month’s issue of @BW, I looked into the damage the trade war has already baked into the US consumer market. Even if the tariffs totally disappeared tomorrow, disruptions are coming for shoppers, including at Christmas. Gift link: https://t.co/rRe2FHlMmG

— Amanda Mull (@amandamull) May 13, 2025