Trump has mentioned that tariffs will help him pay for his planned tax cuts. Tariffs are like a flat-tax, which disproportionately help the rich while taking more from the poor.
I also think there may be some other angles they’re working; but I’m not completely sure on. Trump often threatens people to solicit favors; so this may also be a way for him and his cronies collect bribes and favorably business deals from politicians and the wealthy from around the world. He may also have deals with Putin, because he’s acting exactly how you’d expect a person to act who was trying to destroy the Western hegemony.
Well this is one of the big answers. Tariffs are a hidden or indirect tax. Stupid democrats didn’t understand jack shit so didn’t use it as a campaign issue. He’s raising tax on everybody to pay for his tax cuts. He’s said before he likes the revenue from tariffs in the old days. When you take this approach in conjunction with his thinking on the immigration issue - that by reducing pool of cheap labor, American businesses will pay more and increase wages for low level jobs, you can see where he’s going with this. Prices certainly will be higher. I don’t know about the wages.
Trump has mentioned that tariffs will help him pay for his planned tax cuts. Tariffs are like a flat-tax, which disproportionately help the rich while taking more from the poor.
I also think there may be some other angles they’re working; but I’m not completely sure on. Trump often threatens people to solicit favors; so this may also be a way for him and his cronies collect bribes and favorably business deals from politicians and the wealthy from around the world. He may also have deals with Putin, because he’s acting exactly how you’d expect a person to act who was trying to destroy the Western hegemony.
Well this is one of the big answers. Tariffs are a hidden or indirect tax. Stupid democrats didn’t understand jack shit so didn’t use it as a campaign issue. He’s raising tax on everybody to pay for his tax cuts. He’s said before he likes the revenue from tariffs in the old days. When you take this approach in conjunction with his thinking on the immigration issue - that by reducing pool of cheap labor, American businesses will pay more and increase wages for low level jobs, you can see where he’s going with this. Prices certainly will be higher. I don’t know about the wages.