And economists have estimated that the trade policy will cost the typical US household more than $1,200 a year
Remember this, when you hear about tax cuts for the wealthy.
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this post was submitted on 05 Mar 2025
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Funny, isn't that the exact amount of the stimulus checks he handed out during his first presidency?
off topic, but what does your signature mean? can you really copyright your comments? I've never seen this before
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He had the idea to raise tariffs, and he believes all his ideas are really good, so he followed his own good advice and raised tariffs, dead simple.
All this raises the question: Why has the US president chosen to upend trade relations on the North American continent?
It's because the trade agreement trump's unhappy with was made by a raging moron.
For everyone else following along, the USMCA that was put in place after Trump renegotiated NAFTA in his first term… was made by Trump. So he’s unhappy with his own legacy. Which seems on brand for him, tbh.
At the time he was extremely proud of it. It was the best deal ever made.
Part of the agreement allows for a review next year and his complaints could have been addressed them, but apparently negotiated such a lousy deal he can't wait that long.
They are tanking markets for both the fire sale bargains and to hurt the poor more, so they can direct the resulting anger towards projects like territorial expansion and government privatization.
Thank you. Stated goals and actual goals for these people are always entirely independent, if they align it's just coincidence / convenience. People need to stop being so credible and debating this shit on its stated terms, fascists don't debate in good faith.
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Look at the Project 2025 document, its supposedly written by the heritage foundation but has a section on building a border wall and doing capital punishment. Its clearly crafted by Trump.
Inside it talks about tariffs, using them to force other countries to lower their tariffs against the US. I assume its meant to force a free trade agreement that is 100% free trade, and not a misnomer like it is now, he wants the massive shock so that country are entirely submissive.
You think trump is capable of not just coming up with the worst political takes known to man, but also is even aware of that much policy?
I think you give him way more credit than he deserves
Seems like it's not going according to plan then huh. US opponents are anything but submissive right now. I don't think US has the capacity for a long game.
Because his only job now is to sign any papers handed to him by his posse of self enriching gremlins. He doesn't need anyone's vote anymore, he doesn't need anyone's money (except if it starts with a B) and doesn't care anymore because he will likely die in office. If he signs horrible shit billionaires around him want, then he gets to coast as president, no thinking involved. This is what he is doing.
Also Trump: Has anyone seen my tan spray? Sir, you left it in the fridge again. Here. That's not it, that's barbecue sauce!
I don't get the $1200 #... If every component of my purchase goods is 25% higher to the manuf passed to me, shouldn't it be 25% of my annual spend?
Not every good is imported. Not every country has tariffs leveed against it.
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25% on top of the old price, for goods not produced domestically. Assuming that's all of them, that'd be 25% of your spend going towards products (Services are part of your spend, but don't get tariffed), indeed. But some things get produced in the US, so I imagine they factored that in there. For the average household, this seems to amount to about $1200/a
Well until you buy a car. So that $40,000 suv is now $50,000
Not arguing with you, just want to point out 25% is the new tax but that doesn’t mean the price is only going up 25%.
Market manipulation .... upset the system .. make it dive ... buy cheap ... sell them high
Keep doing this for the next four years until you become king of the world!
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