In the president’s mind, the IRS vanishes and we all enjoy the same privileges as Musk, Zuckerberg and Bezos (aka the New American Oligarchs) because we won’t have to pay taxes! T…
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tariffs
Do not be misled: Trump just raised your taxes. It’s ugly. The Trump Tariff Tax is probably the largest in U.S. history. And we will all pay in higher costs for groceries, cars, homes, plumbing parts, kids’ toys, healthcare. You name it.…
Little did I know that if I was willing to wait for Trump’s tariffs to right the wrongs in the world economy, and for hair dryer factories to move to our country, and for American workers to have high-paying jobs making hair dryers...…
The Wharton undergrad in the White House, the one that didn’t work, serve in the military or pass the calculus test, evidently doesn’t know how to calculate a tariff tax—which is the cost differential of producing a product in the U.S. versus the cost of producing it in another country.…
History has repeatedly shown that this type of protectionism fuels inflation, stifles growth and ignites trade conflicts. These tariffs are a tax on everyday Americans, driving up prices on everything from groceries to electronics.…
Trump’s 10 percent tariff on Chinese goods will not bring jobs back to the U.S. But they will raise prices at Dollar General to Dollar And A Dime General. If dimes still exist. In order for U.S. products to replace Chinese products, the tariff would result in Two Dollars And Fifty Cents General.…
Trump imposes 25 percent new tariffs on our nearest neighbors and allies, Canada and Mexico. Really?? Canada has helped us fight fires, fight wars, and died with us, worked with us on immigration…and Trump punishes them, and US!…
Think about your life. Tariffs will be added to what you pay for items. Your food (fruits, vegetables, meat, coffee, tea, chocolate) is imported and will be subject to tariffs. Medicine, medical machinery, machine parts, building material, wood, wood chips, car parts and computer chips are all imported.…
Both Biden and Trump are trade protectionists, which means they are willing to put tariffs—taxes, essentially—on imported items. Tariffs make imported items more expensive, which is supposed to create more reasons to produce those things in the United States. Do tariffs produce such magic? To answer, it’s important to first understand how international trade works.…