Rolling Stone: Spooked by Trade Wars, Trump Officials Hoard Supplies: ‘It Would Be Stupid Not To!’

Some Trump administration officials are stockpiling toilet paper and food before Trump’s tariffs cause prices to skyrocket

This is what they tell the geese:

Donald Trump’s trade wars with China and other nations are widely expected to cause sharp economic pain, but some experts have warned consumers not to hoard supplies and goods before prices skyrocket, arguing that mass stockpiling could backfire spectacularly.

But this is what the ganders do:

Two Trump administration officials and a Trump aide tell Rolling Stone that they have done some stockpiling of their own in recent weeks or months, and that they know others working in Republican politics — inside and outside of the administration — who are doing the same. One of the Trump officials says they have already run to Target to bulk-buy toilet paper, some types of food, and other household supplies. 

When asked why they’re doing this, the Trump aide — who says they and their partner have done similar household-supply hoarding lately, and are also “stashing cash” reserves in their D.C.-area home — simply replies: “Because it would be stupid not to!” The aide adds that they still believe in Trump’s tariffs regime, though, citing the supposed advantage of “short-term pain” in exchange for long-term “prosperity.”

https://www.rollingstone.com/politics/politics-features/trump-officials-hoarding-supplies-trade-war-tariffs-1235329235

Major furniture store announces closure as they fire all staff citing Trump’s tariffs on Mexico

A major furniture retailer is closing its doors by the end of the year, they say, making the announcement this week as they also lay off all of their staff members

Progressive Furniture has become one of the first U.S. companies to announce that they’ll be shutting down and laying off all 30 employees by year’s end – citing tariffs on their source factory. It comes as the economist whose work inspired Trump’s tariff plan says the White House got it ‘wrong’.

Progressive Furniture is a branch of Sauder Woodworking located in Claremont, North Carolina. They’re the world’s seventh-largest furniture manufacturer, selling their wares at Walmart, Target, and Home Depot.

https://www.themirror.com/news/us-news/major-furniture-store-announces-closure-1077403