It’s Thursday…
President Shitshow’s public schedule for…
| Thursday, July 31 2025 |
| 9:00 AM In-Town Pool Call Time The White House In-Town Pool |
| 12:30 PM The President has lunch with the Vice President Private Dining Room Closed Press |
| [Unknown] 1:00 PM Press Briefing by the White House Press Secretary Karoline Leavitt James S. Brady Press Briefing Room On Camera |
| 4:00 PM The President signs an Executive Order Roosevelt Room White House Press Pool |
Today’s post was supposed to be brilliant. Instead, I hit the “too many ideas, zero brainpower” wall. So let’s just jump in and see if I can string together a coherent thought before it’s technically tomorrow.
It’s all about tariffs…
FORD’S PROFIT WIPED OUT BY TARIFFS
— MeidasTouch (@MeidasTouch) July 30, 2025
Ford reports a net loss of $29 million last quarter, compared with $1.8 billion in net income a year ago, after being hit by more than $800 million from Trump’s tariffs.
Despite the fact that Ford manufactures most of its vehicles in the… pic.twitter.com/aWh8JbQwC6
Show more =’s Despite the fact that Ford manufactures most of its vehicles in the U.S., the company relies on parts imported from outside of the country and was also hit hard by new fees on steel and aluminum.
The Meidas Touch tweet I shared didn’t include a link (because of course it didn’t), so I went full journalism-mode and Googled the quote: “Ford reports a net loss of $29 million last quarter, compared with $1.8 billion in net income a year ago, after being hit by more than $800 million from Trump’s tariffs.” First hit? Wall Street Journal: Ford Takes $800 Million Tariff Hit, Posts First Loss Since 2023 (gift link).
Ford Motor paid out more than $800 million in tariffs last quarter, despite manufacturing most of its vehicles in the U.S.
The tariff bill came from parts imported from outside of the country as well as from fees on steel and aluminum. The hit helped wipe out the company’s net profit, leading to its first quarterly loss since 2023.
Executives said they are pressing the Trump administration to lower levies on parts and materials. “They’ve made it clear that Ford as the most American automaker should not be disadvantaged,” finance chief Sherry House said. “We are optimistic.”
The company said tariff-related costs will cut about $2 billion from its annual earnings, more than the $1.5 billion it predicted three months ago.
Wall Street Journal: Ford Takes $800 Million Tariff Hit, Posts First Loss Since 2023 (gift link). 07/30/2025.
Since you guys are super smart this next post will not be a shock…
The maker of Dawn dish soap, Charmin toilet paper, Crest toothpaste and Tide detergent will raise prices in August because of tariffs — a sign that other major retailers will follow suit. https://t.co/cm4sMSNv9D
— The Washington Post (@washingtonpost) July 31, 2025
Procter & Gamble — the maker of Dawn dish soap, Charmin toilet paper, Crest toothpaste and Tide detergent — said Tuesday it would raise prices on about a quarter of its products starting in August in part because of the $1 billion tariff hit it expects annually.
The company didn’t specify which categories or products would be affected but said the increases will be about 2.5 percent on average.
In a media briefing call on Tuesday, Chief Financial Officer Andre Schulten called the increase “moderate,” “adequate” and in line with “the typical inflation consumers would experience.”
P&G’s move could be a harbinger of increasing prices, including on groceries, household staples, apparel and electronics. While spending data shows Americans are looking for bargains, economists warn that such price increases will further strain consumers battling stubborn inflation, high interest rates, and rising personal debt and energy costs.
Washington Post (gift link). 07/30/2025.
President Orange Wonder of Stupid took to “Lies Social” to announce—at 6:28 AM, naturally—that tariffs are making America “GREAT & RICH Again.” According to his sunrise sermon, the “devastating impact” of tariffs has now magically reversed, and America is no longer a “DEAD COUNTRY,” but the “HOTTEST”COUNTRY ANYWHERE IN THE WORLD.
Truly a stunning comeback story, if you ignore math, history, global supply chains, and basic economic literacy. CONGRATULATIONS TO ALL!
Tariffs are apparently so great at making us “GREAT and RICH” that President Orange Is the New Stupid announced today he’s giving Mexico another 90-day extension—which, in his economic fantasy land, means “Mexico will continue to pay a 25% Fentanyl Tariff, 25% Tariff on Cars, and 50% Tariff on Steel, Aluminum, and Copper.”
Reminder: Just yesterday…
In a post that reads like foreign policy fan fiction, President Orange Is Not His Color managed to threaten a former Russian president while also flexing his usual misunderstanding of tariffs—this time claiming the U.S. does “very little business” with India, which, awkwardly, is our 10th largest trading partner. (We trade plenty—they just don’t love buying from us.)
#Winning.
This is an open thread
