Trump's FTC opens the floodgates for tariff profiteering
a year ago
- #price_gouging
- #FTC
- #tariffs
- Trump's FTC under Andrew Ferguson has halted investigations into surveillance pricing, enabling companies to exploit tariff expectations for price gouging.
- Pricing consultancies like PROS Holdings advise clients to raise prices beyond tariff costs, capitalizing on consumer expectations of inflation.
- Surveillance pricing uses personal financial data to set individualized prices, disadvantaging consumers and workers, such as nurses with high debts.
- The FTC's shift in leadership from Lina Khan to Ferguson marks a rollback on consumer protections against corporate price-fixing strategies.
- Historical context shows that corporate price gouging, or 'greedflation,' has been a recurring issue, exacerbated by lack of competition and regulatory oversight.