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Corporate CEOs strategize about PROFITING from trump's tariffs! [1]
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Date: 2025-07-30
America’s business class is openly admitting to using the president’s tariffs as “great cover” for its rising prices.
A report published Tuesday by the Groundwork Collaborative found that executives were, in their own words, taking advantage of Donald Trump’s unstable tariff policies to jack up the price tags on consumer goods. Analyzing earnings calls from major corporations in the first half of 2025, Groundwork found executives admitted that they intended to raise costs even if they were not affected by the administration’s economic agenda.
[…] Aaron Jagdfeld, the CEO of generator manufacturer Generac Power Systems, claimed on an earnings call that “even if we have metals that weren’t impacted directly by tariffs, the indirect effect of tariffs is that it gives steel producers and the mills and other fabricators ... great cover for increased pricing in some cases.”
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