Make Me Smart Are Trump's tariffs starting to impact prices?
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Jul 16, 2025 Prices for apparel and household goods are rising, hinting at the effects of recent tariff policies. The discussion includes Trump's call for lower interest rates and the importance of a politically independent Federal Reserve. In Missouri, lawmakers reversed voter-approved initiatives on paid sick leave and abortion rights, raising questions about public engagement in democracy. Additionally, the conversation touches on the uplifting power of creative expression and the vital role of supportive friendships during tough times.
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Missouri Voters' Initiatives Overturned
- Missouri voters passed paid sick leave and abortion rights measures which state legislators overturned or challenged.
- This reflects a broader trend of legislatures undoing voter-approved initiatives, fueling public cynicism.
Hold Local Politicians Accountable
- Hold local politicians accountable to ensure they follow voters' wishes.
- It is easier to change state or city representatives than federal officials, so engage actively locally.
Tariffs Push Inflation Upward
- Inflation rose 0.3% in June, higher than May's 0.1%, partly due to tariffs beginning to impact prices.
- Household furnishings, appliances, and clothing prices increased, reflecting early effects of Trump's tariffs.