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Six months into tariffs, businesses have no idea how to price anything

(www.wsj.com)
462 points JumpCrisscross | 1 comments | 30 Aug 25 20:56 UTC | HN request time: 0.001s | source
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lazarus01 ◴[30 Aug 25 22:32 UTC] No.45078568[source]▶
In NYC, for the first 6 months of 2025, 994 new private sector jobs were created [1]. During the same period last year, there were 66,000 new jobs created.

Higher cost of doing business from tariffs has frozen hiring. With a frozen job market, there’s less revenue coming in.

NYC is a leading indicator for the rest of the country.

[1] https://www.nytimes.com/2025/08/13/nyregion/nyc-jobs.html

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gcanyon ◴[31 Aug 25 14:46 UTC] No.45083540[source]▶
This is, in some sense, exactly what Trump wants -- to hurt the cities/liberal regions that oppose him. It's going to be a bumpy ride.
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1. const_cast ◴[31 Aug 25 15:46 UTC] No.45084083[source]▶
The problem is those liberal cities and regions pretty much prop up the entire US economy.

When you look at GDP, it's coming from California, NYC, etc. Even in red states, like Texas, it's Dallas and Austin carrying everyone else.