‘It's awful’: How tariffs, soaring fuel costs and higher interest rates are squeezing American companies

HONESTLY I HAD TO CHECK IT WAS NOT A JOKE BECAUSE A GUY IN IOWA WHO MAKES POWER SAWS HAD A SINGLE MOTOR BRACKET JUMP FROM FORTY-TWO BUCKS TO EIGHTY-SEVEN DOLLARS THIS SUMMER AND THAT IS JUST ONE TINY PART WHICH IS WILD BECAUSE AMERICAN BUSINESSES ARE GETTING HIT BY THIS BRUTAL THREE-WAY SQUEEZE WITH TRUMP TARIFFS JACKING UP STEEL AND ALUMINUM AND RECORD DIESEL FUEL COSTS FROM THE IRAN WAR PUSHING UP SHIPPING AND NOW THE FEDERAL RESERVE RAISED INTEREST RATES FOR THE FIRST TIME IN THREE YEARS WHICH MEANS BORROWING TO STORE EXTRA INVENTORY JUST GOT WAY MORE EXPENSIVE SO NOW MANUFACTURERS AND TRUCKING FLEETS HAVE TO PASS ALL THOSE COSTS DOWN TO RETAILERS LIKE HOME DEPOT AND AN ECONOMIST AT ERNST AND YOUNG SAYS MANUFACTURING IS TOTALLY IN THE LINE OF FIRE. ANYWAY THIS SONG IS ACTUALLY MY FAVOURITE.

WAIT WAIT LET ME EXPLAIN IT PROPERLY THE CHIEF EXECUTIVES RUNNING AMERICAN COMPANIES ARE ABSOLUTELY LOSING THEIR MINDS BECAUSE THEY ARE CAUGHT IN THIS BRUTAL THREE-WAY FINANCIAL VISE AND THE CEO OF EASTMAN CHEMICAL SAYS HIS ENTIRE INDUSTRY GOT FORCED RIGHT INTO A CORNER WHICH IS WILD BECAUSE TRUMP TARIFFS ARE MAKING BASIC RAW MATERIALS UNREASONABLY EXPENSIVE AND AT THE SAME TIME THE WAR IN IRAN DROVE DIESEL AND FUEL TO RECORD PRICES TO MOVE ANYTHING AND NOW THE FEDERAL RESERVE RAISED INTEREST RATES FOR THE FIRST TIME IN THREE YEARS WITH ANOTHER HIKE SIGNALED SO JPMORGAN SAYS SMALLER BUSINESSES WITH SHORT-TERM LOANS ARE GETTING WALLOPED IMMEDIATELY WHEN THEY TRY TO FINANCE EQUIPMENT AND CONSULTANTS AT ERNST AND YOUNG SAY TRUCKING AND MANUFACTURING ARE BASICALLY IN THE LINE OF FIRE. ANYWAY DO YOU WANT ANOTHER DRINK?

U.S. manufacturers face rising costs and shrinking margins driven by tariffs, high fuel prices linked to the Iran war, and recent Federal Reserve interest rate hikes.

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