Thursday, October 24, 2024

Trump's Tariffs Would Cost Consumers $3.9 Trillion

New estimates of the revenue raised from former President Trump's proposed tariffs would make it potentially one of the biggest tax hikes in decades.

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Comments

The stupids actually believe China is going to pay the tariff. They have no clue how tariffs work.

Worse yet China is going to retaliate with tariffs of their own that will hurt US exporters.

#1 | Posted by Nixon at 2024-10-23 06:53 AM

Not to worry. Mexico will pay for it.

#2 | Posted by Doc_Sarvis at 2024-10-23 07:06 AM

The stupids actually believe China is going to pay the tariff. They have no clue how tariffs work.

Worse yet China is going to retaliate with tariffs of their own that will hurt US exporters.

#1 | Posted by Nixon at 2024-10-23 06:53 AM | Reply | Flag:

China is going to do their best to balance trade deficits with the countries who pays China's bills - if someone actually forces their hand.

#3 | Posted by lfthndthrds at 2024-10-23 08:55 AM

Biden will get the blame. Got to have some bogeyman to blame, rather than the MAGA hero, a fat orange criminal insurrectionist and golf cheat...

#4 | Posted by catdog at 2024-10-24 08:58 AM

China is going to do their best to balance trade deficits with the countries who pays China's bills - if someone actually forces their hand.

#3 | Posted by lfthndthrds

#1 Not possible to do.
#2 More impossible with many basic materials

#5 | Posted by Sycophant at 2024-10-24 11:25 AM

It's not the actual plan.

It's only a concept of a plan. He probably doesn't even have that authority.

And when Trumpy says the word "tariffs" it could actually mean anything.

Being as President/Dicktator he can do anything because as you know DickTators are above the law.

#6 | Posted by donnerboy at 2024-10-24 11:37 AM

"Biden will get the blame. Got to have some bogeyman to blame, rather than the MAGA hero, a fat orange criminal insurrectionist and golf cheat..."

Like Biden and Harris blaming Trump for every problem even 4 years after he is out of office?

#7 | Posted by humtake at 2024-10-24 12:00 PM

Illegal immigration is costing America FAAAAAAAAAAAAAR more than any gains but that doesn't stop Dems from wanting to spend that money. I know liberals are run by their egos so they refuse to accept that any opinion they have could have negatives so they won't understand what I'm saying, but that doesn't change reality.

#8 | Posted by humtake at 2024-10-24 12:03 PM

Interesting, when he was in office for 4 years that didn't happen.

#9 | Posted by fishpaw at 2024-10-24 02:47 PM

Trump single handedly destroyed the soy bean market in the US while trying to mess with China.

He had to pay off those farmers.

#10 | Posted by Alexandrite at 2024-10-24 03:13 PM

www.forbes.com

The Trump administration gave more taxpayer dollars to farmers harmed by the administration's trade policies than the federal government spends each year building ships for the Navy or maintaining America's nuclear arsenal, according to a new report. A National Foundation for American Policy analysis concluded the spending on farmers was also higher than the annual budgets of several government agencies. "The amount of money raises questions about the strategy of imposing tariffs and permitting the use of taxpayer money to shield policymakers from the consequences of their actions," according to the analysis.

Here's trump buying votes to the tune of 28 billion:

To shore up political support from farmers, Donald Trump approved increasing amounts of government aid to farmers harmed by the trade policies that the Trump administration itself initiated. Trump was open about the purpose of the payments. "I sometimes see where these horrible dishonest reporters will say that oh jeez, the farmers are upset,'" he told attendees of an Illinois farmer show in August 2019. "Well, they can't be too upset, because I gave them $12 billion and I gave them $16 billion this year. . . . I hope you like me even better than you did in '16."

#11 | Posted by Alexandrite at 2024-10-24 03:16 PM

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