Trump is taxing Americans to death. I hope Americans and Trump supporters realize that tariff is just another word for TAX, paid by Americans collected by their government. Since the Chinese Tariffs Trump is forcing on American importers who will pass the cost down to American consumers as higher prices affects 70 PERCENT OF ALL CONSUMER GOODS then household expenses are going to skyrocket. Now add on Trump's Mexico tariffs and Americans are being taxed to death. With over 40 million Americans already living in poverty (more than the entire population of Canada) I see a disaster in the making. Trump doesn't care though.
Tarriffs are a tax on importers.
Let’s say for example:
You have two Televisions you want to consider buying. A Vizio and a Sony. Both are comparable in every way but the SONY costs $1000 more because of Tarriffs. . Which one will you buy???
I bought the Vizio.
Vizio makes cheap shit. But since the demand for them is higher now that Sony has tariffs, they charge more for their TVs. Econ 101.
These people don't know much of anything about reality or economics.
trump put a tariff on imported steel. So what did American steel companies do?
They raised their price of steel. The price of lumber, drywall and concrete went up too.
US steel prices up 'dramatically' due to Trump tariffs: Fed
Tariffs are a very high tax on the American people that effects products that don't even have tariffs imposed on them.
The bush boy put tariffs on steel when he was president too. We all know what happened to the car industry and the rest of the economy.
The price of everything has gone up a lot in the last year. Some things are now twice what they cost just a year ago. That includes food.