Here's how tariffs work.
Tariffs are taxes. Like, say, taxes on cigarettes.
When taxes on cigarettes went up, what happened? Did tobacco companies eat the extra cost? Nope. They passed it onto consumers - so cigarette prices went UP.
Trump just did that to EVERYTHING you buy.
Tariffs are taxes. Like, say, taxes on cigarettes.
When taxes on cigarettes went up, what happened? Did tobacco companies eat the extra cost? Nope. They passed it onto consumers - so cigarette prices went UP.
Trump just did that to EVERYTHING you buy.
Comments
😬
Not that I support taxes - I think it'd be best if all taxes were voluntary
Could you use crayons, gummy bears or lego in your next analogy.
#dumbitdown
We will pay for their tax cuts.
Los aranceles son impuestos. Como, por ejemplo, los impuestos sobre los cigarrillos.
Cuando subieron los impuestos sobre los cigarrillos, qué pasó?
1/2
Trump acaba de hacer eso con TODO lo que compras.”
2/2
And, even if the US importers pay the tariffs (taxes) into the Treasury, that money does NOT have to be used to reduce the deficit. It can be used for ANYTHING appropriated by Congress, ANY fungible category in the recent funding bill, and probably ANYTHING Trump wants. Like tax cuts.
Everything in #usa about to go up and doubtful they’ll stop at 25%
It’s quite likely that Putin told Trump to destroy the US.
But it’s also clear that tariffs have been his preoccupation for decades.
So to understand Trump’s lifelong stupidity - read this book
https://www.penguinrandomhouse.com/books/672076/lucky-loser-by-russ-buettner-and-susanne-craig/
The Republican House refuses to step in and stop this madness.
MAGA say: Dear Leader, Dear Leader, while genuflecting.
https://www.youtube.com/watch?v=yuOHbyuanbY