(November 26, 2024 at 1:32 am)Fake Messiah Wrote: So Trump is planning 25% tariffs on all imported goods from China, Mexico and Canada on day one of his presidency.
How is this not an economic suicide?
The US imported $476 billion from Mexico last year - more than any other country. A 25 percent tariff on those imports would translate into a roughly $100 billion annual tax — or ~$1 trillion over the next decade.
Quote:Posting on his Truth Social platform, Trump said that on the first day of his presidency he will charge Mexico and Canada a 25% tariff on all products coming into the U.S. He added in a separate social-media post that he would impose an additional 10% tariff on all products that come into the U.S. from China, though he didn’t specify whether that levy would come on his first day in office. Such a tariff would come on top of existing tariffs the U.S. has already imposed on Chinese goods.
“This Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country!” Trump wrote, referencing his proposed tariffs on Canada and Mexico.
Funny, I didn't realize that Canadian illegal invasion and Canadian fentanyl were such pressing issues. Those sly Canadians.
Boru
‘I can’t be having with this.’ - Esmeralda Weatherwax
