Trump's Tariffs Would Cost Consumers $3.9 Trillion

Thursday, October 24, 2024

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.

Posted by reinheitsgebot at 08:33 AM | 8 COMMENTS | permalink | Comment on This Entry |

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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

Not to worry. Mexico will pay for it.

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

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 | Reply | Funny: 1

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 | Reply

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 | Reply

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 | Reply

"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 | Reply

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 | Reply