Trump Pledges 25% Tariffs on Mexico, Canada and 10% on China

[u/Peteostro]

https://www.wsj.com/politics/policy/trump-pledges-tariffs-on-mexico-canada-and-china-3c62b1f7

[u/Unusual_Response766]

Imports of goods and services from Mexico the US in 2022 were $493.1 billion.

Of that, goods imports were $454.8 billion.

So nearly half a trillion.

https://ustr.gov/countries-regions/americas/mexico

This genius plan would have seen an extra $113.7 billion added to the cost of goods to the American consumer from tariffs alone.

That’s $344 for every man, woman, and child (obviously it’s not evenly spread). Or $1,378 for a family of four, every year. Just tariffs.

[u/TooStrangeForWeird → u/Unusual_Response766]

And that's just Mexico, not the only country hit. It's like a reverse COVID stimulus payment.

[u/ScentedFire → u/Unusual_Response766]

It's just another subsidy for billionaires. Cut their taxes and then charge us more for products.

[u/ChoosenUserName4 → u/ScentedFire]

It's called stealing from the poor. Let's call it that.

[u/ScentedFire → u/ChoosenUserName4]

That's exactly what it is. It's been their game for 44 years at least.

[u/Aloemancer → u/Unusual_Response766]

That’s assuming it doesn’t implode the global economy like the Smoot-Hawley Tariff that turned the 1929 stock market crash into The Great Depression