570
Two-thirds of Americans think Trump tariffs will lead to higher prices, poll says
(www.theguardian.com)
Well, the other 31% will learn it the hard way.
this post was submitted on 26 Nov 2024
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Would Canada also put tariffs on things made in US? Would things in Canada that are American companies but made overseas be affected?
Hopefully we start doing like last time and put tariffs on specific things to hurt Republican States only.
Jesus, this is so fucking contrarian.
Yes, taxing goods imported from countries with poor labor laws increases their price.
Yes, we should increase the cost of goods that are made with unfair labor practices (or ban them entirely)
Yes, Trump is still a criminal even if he accidentally does the right thing every now and then
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(1 replies)
Tariffs are a necessary tool, and can be positive in the long run to create revenue and lower trade deficits. They are a regressive tax, but there is some positive to making some imported goods more expensive in the US. It does discourage companies from importing everything. In moderation targeted tariffs can be good.
The debt is projected to be $50 trillion by 2034, so revenue does need to be increased somehow. Otherwise on the current track the US will be unable to service it's debt.
Ideally they should just tax billionaires, but politically this is a lot easier for them.
The problem with tariffs is moreso on what they're going to do with the revenue. The surplus will almost assuredly be used to give tax cuts to the rich, and the debt will likely be $50 trillion by 2028, not 2034.
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