In “Majority of US companies say they have to raise prices due to Trump tariffs,” Lauren Aratani writes at The Guardian: “A majority of US companies say they will have to raise their prices to accommodate Donald Trump’s tariffs in the US, according to a new report…More than half (54%) of the US companies surveyed by insurance company Allianz said they will have to raise prices to accommodate the cost of the tariffs. Of the 4,500 companies across nine countries, including the US, UK and China, surveyed by Allianz only 22% said they can absorb the increased costs…The unpredictability of US trade policy has also dented exporters’ confidence. The survey found 42% of exporting companies now anticipate turnover to decline between -2% and -10% over the next 12 months, compared to fewer than 5% before 2 April “liberation day” – when Trump unveiled his tariff policy…Though Trump has pulled back on many of the levies he initially proposed, key tariffs remain in place, including a 10% universal tariff on all US imports, a 30% tariff on Chinese imports and extra tariffs on specific industries like metal and auto parts…Inflation data from April showed that US price increases remained roughly level for the month. Economists say that it will take a while for tariff-related price increases to show up in data and companies have started to say they will pass some of the cost of tariffs onto consumers…“Monthly business surveys … do indicate that companies will eventually pass on most of the tariff increases by the summer,” said Maxime Darmet, a senior economist at Allianz Trade.”
“New studies show what’s at stake if Medicaid is scaled back,” Leslie Walker reports at npr.org, and shares some good messaging points for Dems: “Two research studies published this month add important data to the fierce political debate over Medicaid in Washington, D.C.Each study — one published last week in the New England Journal of Medicine, and the other released as a working paper from the nonpartisan National Bureau of Economic Research — offers evidence that Medicaid, the public insurance program that covers more than 70 million low-income and disabled Americans, is saving people’s lives.,,As Congress considers major changes to the program, these findings underscore the importance of treading carefully, said Harvard University economist Amitabh Chandra, who was not involved in either study…The National Bureau of Economic Research paper, by Angela Wyse, an economist at Dartmouth College, and Bruce Meyer, a University of Chicago economist, focused on the millions of low-income adults who gained Medicaid coverage in states that expanded the program under the Affordable Care Act. After examining a dataset of 37 million people, the authors found:
- People who gained Medicaid coverage via the ACA expansion were 21% less likely to die in a given year of enrollment than peers who did not get the health coverage.
- States that chose to expand Medicaid saved 27,400 lives between 2010 and 2022.
- States that declined to expand Medicaid in 2014 missed the chance to save 12,800 more lives.
…Together, the two research papers highlight a tough reality for congressional Republicans as they continue to consider a slate of possible Medicaid cuts to fund their other policy priorities…No matter how they shrink the program, whether by making federal funding less generous or paperwork more onerous, this new evidence suggests that some people are likely to get hurt.” For more information about both studies, read the rest of the article right here.
If you haven’t paid much attention to the Republican’s tax bill and wonder who it helps, check out Matt Egan’s CNN Politics report that “The 10 richest Americans got $365 billion richer in the past year. Now they’re on the verge of a huge tax cut.” As Egan writes, “Despite a brief market scare, the richest 10 Americans got $365 billion richer over the past year, according to a new analysis from Oxfam…The stunning increase in wealth amounts to a gain of roughly $1 billion per day for those billionaires…By contrast, the typical American worker made just over $50,000 in 2023. Oxfam found that it would take a staggering 726,000 years for 10 US workers at median earnings to make that much money…The findings put an exclamation point on the nation’s wealth inequality and come as Republicans debate a costly bill that nonpartisan experts say will make the rich even richer and deeply cut nearly $1 trillion from key safety net programs…“Billionaire wealth has increased astronomically while so many ordinary people struggle to make ends meet,” Rebecca Riddell, senior policy lead for economic and racial justice at Oxfam America, said in the report…Elon Musk, the world’s richest person and CEO of Tesla, accounts for just over half of the total wealth gains, with his net worth spiking by $186.1 billion over that span. An analysis last fall found that Musk, a pivotal figure in President Donald Trump’s return to the White House, is on track to become the world’s first trillionaire.”
At Mother Jones, in “For Trump, le Grift, C’est Moi: The White Tablecloth Theory of Dirty Politics applies here,” David Corn outlines the extent of Trump’s corruption: “Trump has engaged in record-setting levels of corruption, as he mixes his business interests with his day job. It’s as if the presidency is a mere side hustle to his main gig of maximum personal enrichment. His trip to the Middle East this past week was more a venture of Trump, Inc. than a presidential mission. His Trump Organization is developing projects in Saudi Arabia, Qatar, and the United Arab Emirates—the three nations on his Mideast tour—while hooking up with firms tied to these Arab governments…His family business is also cutting lucrative crypto deals with Arab partners. As my colleague Russ Choma recently reported, Eric Trump, who runs the Trump Organization now, was recently in Dubai and announced that MGX, a UAE-based investment fund, would invest $2 billion in crypto exchange Binance using a “stablecoin” created by the Trumps’ crypto venture, World Liberty Financial. The deal could net the Trump family hundreds of millions, as the transaction lends enormous credibility and liquidity to their crypto business. MGX isn’t just any UAE-based investment fund. It’s chaired by Tahnoun bin Zayed Al Nahyan, the UAE’s national security adviser and brother of the Emirates’ ruler, Mohammed bin Zayed Al Nahyan.” Corn continues, “Let’s not forget the Saudi investment fund that kicked in $2 billion when Jared Kushner started his private equity firm, Affinity Partners, which subsequently attracted hundreds of millions of dollars in backing also from Qatar and the UAE…Never has a president been so financially intertwined with foreign governments. No wonder he praised Mohammed bin Salman, the murderous ruler of Saudi Arabia, as a “gentleman.” After all, he’s helping Trump and his family make millions. And, as we all know, Trump agreed last week to accept a $400 million gift airplane from Qatar. Any slice of this would have been unthinkable for an American president in the past. But not with Trump. The latest grift is just another drop on an already huge pile of grift.”



