Donald Trump on Tuesday was interviewed by Bloomberg at the Economic Club of Chicago, where he once again touted historic tariffs as a way to grow America’s manufacturing sector by "supposedly" making foreign countries foot the bill.
But, given the economy’s central importance in the 2024 race, it’s worth hammering on an Econ 101 fact:Tariffs are a tax on Americans!!
A lot of people don’t seem to get this — including Trump, who, CNN has reported, has falsely and repeatedly claimed that China would pay for tariffs he imposes.
It’s just not how trade works — not now, not ever!!
Very simply:
When a US admin puts a tariff (read: tax) on, say, Chinese goods, [or any of the other imports the IGNORANT con man has stated he would impose at least 20% tariffs] the actual money going to the US Treasury comes from the American company doing the importing!!!NOT CHINA!!!! And for that company to stay in business, it needs to make up that cost somewhere else, and that typically means raising prices on its consumers! [ie, inflation!!!!!!!!]
Donald Trump on Tuesday was interviewed by Bloomberg at the Economic Club of Chicago, where he once again touted historic tariffs as a way to grow America’s manufacturing sector by "supposedly" making foreign countries foot the bill.
But, given the economy’s central importance in the 2024 race, it’s worth hammering on an Econ 101 fact:Tariffs are a tax on Americans!!
A lot of people don’t seem to get this — including Trump, who, CNN has reported, has falsely and repeatedly claimed that China would pay for tariffs he imposes.
It’s just not how trade works — not now, not ever!!
Very simply:
When a US admin puts a tariff (read: tax) on, say, Chinese goods, [or any of the other imports the IGNORANT con man has stated he would impose at least 20% tariffs] the actual money going to the US Treasury comes from the American company doing the importing!!!NOT CHINA!!!! And for that company to stay in business, it needs to make up that cost somewhere else, and that typically means raising prices on its consumers! [ie, inflation!!!!!!!!]
It's pretty rich to say republicans have a problem because of Trump when we just went through one of, if not the, worst admins. in history.........& now the your party wants to back it up with Harris? Your hatred of Trump has TDS levels now. It's not an ideal situation, but can you honestly say you back Harris because you think she would make a good potus? Would you ever even consider backing Harris if ANYONE else was running for the right? She's proven to be a babbling fool & nothing more (her latest drivel about the stars was hilarious). She was the first out in the primaries 5 years ago, & probably wouldn't do any better if the dems put her through one now.
It's pretty rich to say republicans have a problem because of Trump when we just went through one of, if not the, worst admins. in history.........& now the your party wants to back it up with Harris? Your hatred of Trump has TDS levels now. It's not an ideal situation, but can you honestly say you back Harris because you think she would make a good potus? Would you ever even consider backing Harris if ANYONE else was running for the right? She's proven to be a babbling fool & nothing more (her latest drivel about the stars was hilarious). She was the first out in the primaries 5 years ago, & probably wouldn't do any better if the dems put her through one now.
My party? Yeah my party...I thought you were not affiliated with a party? I am not in the slightest and I explained my position in the previous reply.
If my choices are that two parties spend and have no fiscal responsibility then the choice turns to where the spending is most beneficial to those in this country with the greatest need. So since neither party is attempting any reasonable financial control my "party" choice is based on which does the most for those with the least. Same goes with my views on rights and freedoms (abortion) etc.
Trump has no ability to create a platform of any kind, do you have a comprehensive platform for your guy that you can present that goes into depth at all? My hatred of Trump is not political, I do not hate anyone and that includes Trump. I call him what he is, a wealthy opportunist who is using your party of choice to forward his personal family interests. Trump has sucked more cash out of your party than any other candidate in history. Without his affiliation with the old GOP party would there be a Truth Social? Would there be a public stock for him to ravage? Would there be a platform for him to take personal advantage of if he were NOT a GOP candidate?
Trump is a zero ego opportunist who has played your party for BILLIONS in personal cash, BILLIONS. Without his faux POTUS scheme he would be BILLIONS less in wealth, he has manipulated and stolen from your party...he is a disgusting self serving clown and I call him on that. Notice none of my comments are political, he is using the GOP as a vehicle to steal from your base and has absolutely no interest or motivation to impact anyone but himself and his franchise.
THAT is my reply about Trump...refute it based on my message if you like but this other scuttlebutt about Biden and DNC blah blah has no place in a response.
My party? Yeah my party...I thought you were not affiliated with a party? I am not in the slightest and I explained my position in the previous reply.
If my choices are that two parties spend and have no fiscal responsibility then the choice turns to where the spending is most beneficial to those in this country with the greatest need. So since neither party is attempting any reasonable financial control my "party" choice is based on which does the most for those with the least. Same goes with my views on rights and freedoms (abortion) etc.
Trump has no ability to create a platform of any kind, do you have a comprehensive platform for your guy that you can present that goes into depth at all? My hatred of Trump is not political, I do not hate anyone and that includes Trump. I call him what he is, a wealthy opportunist who is using your party of choice to forward his personal family interests. Trump has sucked more cash out of your party than any other candidate in history. Without his affiliation with the old GOP party would there be a Truth Social? Would there be a public stock for him to ravage? Would there be a platform for him to take personal advantage of if he were NOT a GOP candidate?
Trump is a zero ego opportunist who has played your party for BILLIONS in personal cash, BILLIONS. Without his faux POTUS scheme he would be BILLIONS less in wealth, he has manipulated and stolen from your party...he is a disgusting self serving clown and I call him on that. Notice none of my comments are political, he is using the GOP as a vehicle to steal from your base and has absolutely no interest or motivation to impact anyone but himself and his franchise.
THAT is my reply about Trump...refute it based on my message if you like but this other scuttlebutt about Biden and DNC blah blah has no place in a response.
Posters inside Covers will commit 'voting malpractice' when they vote for harris! This is the worst Presidential ticket in the history of the United States! We were told today that the state of Pennsylvania will take days to weeks to determine their electoral college winner. The point is it will take Pa that long to cheat and defeat President Trump!
Posters inside Covers will commit 'voting malpractice' when they vote for harris! This is the worst Presidential ticket in the history of the United States! We were told today that the state of Pennsylvania will take days to weeks to determine their electoral college winner. The point is it will take Pa that long to cheat and defeat President Trump!
@THEMUGG My party? Yeah my party...I thought you were not affiliated with a party? I am not in the slightest and I explained my position in the previous reply. If my choices are that two parties spend and have no fiscal responsibility then the choice turns to where the spending is most beneficial to those in this country with the greatest need. So since neither party is attempting any reasonable financial control my "party" choice is based on which does the most for those with the least. Same goes with my views on rights and freedoms (abortion) etc. Trump has no ability to create a platform of any kind, do you have a comprehensive platform for your guy that you can present that goes into depth at all? My hatred of Trump is not political, I do not hate anyone and that includes Trump. I call him what he is, a wealthy opportunist who is using your party of choice to forward his personal family interests. Trump has sucked more cash out of your party than any other candidate in history. Without his affiliation with the old GOP party would there be a Truth Social? Would there be a public stock for him to ravage? Would there be a platform for him to take personal advantage of if he were NOT a GOP candidate? Trump is a zero ego opportunist who has played your party for BILLIONS in personal cash, BILLIONS. Without his faux POTUS scheme he would be BILLIONS less in wealth, he has manipulated and stolen from your party...he is a disgusting self serving clown and I call him on that. Notice none of my comments are political, he is using the GOP as a vehicle to steal from your base and has absolutely no interest or motivation to impact anyone but himself and his franchise. THAT is my reply about Trump...refute it based on my message if you like but this other scuttlebutt about Biden and DNC blah blah has no place in a response.
"I'm the MOST HONEST HUMAN BEING that God has EVER created!!" - Donald Trump
@THEMUGG My party? Yeah my party...I thought you were not affiliated with a party? I am not in the slightest and I explained my position in the previous reply. If my choices are that two parties spend and have no fiscal responsibility then the choice turns to where the spending is most beneficial to those in this country with the greatest need. So since neither party is attempting any reasonable financial control my "party" choice is based on which does the most for those with the least. Same goes with my views on rights and freedoms (abortion) etc. Trump has no ability to create a platform of any kind, do you have a comprehensive platform for your guy that you can present that goes into depth at all? My hatred of Trump is not political, I do not hate anyone and that includes Trump. I call him what he is, a wealthy opportunist who is using your party of choice to forward his personal family interests. Trump has sucked more cash out of your party than any other candidate in history. Without his affiliation with the old GOP party would there be a Truth Social? Would there be a public stock for him to ravage? Would there be a platform for him to take personal advantage of if he were NOT a GOP candidate? Trump is a zero ego opportunist who has played your party for BILLIONS in personal cash, BILLIONS. Without his faux POTUS scheme he would be BILLIONS less in wealth, he has manipulated and stolen from your party...he is a disgusting self serving clown and I call him on that. Notice none of my comments are political, he is using the GOP as a vehicle to steal from your base and has absolutely no interest or motivation to impact anyone but himself and his franchise. THAT is my reply about Trump...refute it based on my message if you like but this other scuttlebutt about Biden and DNC blah blah has no place in a response.
Why do several in your group try to take shots like this? I do not see members on the DNC side trying to bully your side into a corner and use what their personal vote choice is as some leverage against them. Why are you doing this exactly? Are we in middle school where the Harris voter gets heckled in the future?
My vote choice as YOURS is personal and private, I do not need to disclose anything with regard to my vote and I will not ask you that question either, nor do I really care who you vote for.
Nice reply to my Trump response though, you seem unable to come with a reply so lets go back to partisan political hen pecking, that is a great fallback spot for you.
Why do several in your group try to take shots like this? I do not see members on the DNC side trying to bully your side into a corner and use what their personal vote choice is as some leverage against them. Why are you doing this exactly? Are we in middle school where the Harris voter gets heckled in the future?
My vote choice as YOURS is personal and private, I do not need to disclose anything with regard to my vote and I will not ask you that question either, nor do I really care who you vote for.
Nice reply to my Trump response though, you seem unable to come with a reply so lets go back to partisan political hen pecking, that is a great fallback spot for you.
Tariffs are effectively a TAX on Americans ....and they increase INFLATION! New York CNN — Donald Trump on Tuesday was interviewed by Bloomberg at the Economic Club of Chicago, where he once again touted historic tariffs as a way to grow America’s manufacturing sector by "supposedly" making foreign countries foot the bill. But, given the economy’s central importance in the 2024 race, it’s worth hammering on an Econ 101 fact: Tariffs are a tax on Americans!! A lot of people don’t seem to get this — including Trump, who, CNN has reported, has falsely and repeatedly claimed that China would pay for tariffs he imposes. It’s just not how trade works — not now, not ever!! Very simply: When a US admin puts a tariff (read: tax) on, say, Chinese goods, [or any of the other imports the IGNORANT con man has stated he would impose at least 20% tariffs] the actual money going to the US Treasury comes from the American company doing the importing!!! NOT CHINA!!!! And for that company to stay in business, it needs to make up that cost somewhere else, and that typically means raising prices on its consumers! [ie, inflation!!!!!!!!]
Just like Trump's 2018 tariffs were so horrible. Remember all the press back then?? I could even quote some posts here on Covers from 2018 but then I would get bullied right into the PB like the last time I did that.
Those horrible Trump 2018 tariffs. Hey, Joe left them in place and added more!
Tariffs are effectively a TAX on Americans ....and they increase INFLATION! New York CNN — Donald Trump on Tuesday was interviewed by Bloomberg at the Economic Club of Chicago, where he once again touted historic tariffs as a way to grow America’s manufacturing sector by "supposedly" making foreign countries foot the bill. But, given the economy’s central importance in the 2024 race, it’s worth hammering on an Econ 101 fact: Tariffs are a tax on Americans!! A lot of people don’t seem to get this — including Trump, who, CNN has reported, has falsely and repeatedly claimed that China would pay for tariffs he imposes. It’s just not how trade works — not now, not ever!! Very simply: When a US admin puts a tariff (read: tax) on, say, Chinese goods, [or any of the other imports the IGNORANT con man has stated he would impose at least 20% tariffs] the actual money going to the US Treasury comes from the American company doing the importing!!! NOT CHINA!!!! And for that company to stay in business, it needs to make up that cost somewhere else, and that typically means raising prices on its consumers! [ie, inflation!!!!!!!!]
Just like Trump's 2018 tariffs were so horrible. Remember all the press back then?? I could even quote some posts here on Covers from 2018 but then I would get bullied right into the PB like the last time I did that.
Those horrible Trump 2018 tariffs. Hey, Joe left them in place and added more!
@THEMUGG Why do several in your group try to take shots like this? I do not see members on the DNC side trying to bully your side into a corner and use what their personal vote choice is as some leverage against them. Why are you doing this exactly? Are we in middle school where the Harris voter gets heckled in the future? My vote choice as YOURS is personal and private, I do not need to disclose anything with regard to my vote and I will not ask you that question either, nor do I really care who you vote for. Nice reply to my Trump response though, you seem unable to come with a reply so lets go back to partisan political hen pecking, that is a great fallback spot for you.
"I'm the MOST HONEST HUMAN BEING that God has EVER created!!" - Donald Trump
@THEMUGG Why do several in your group try to take shots like this? I do not see members on the DNC side trying to bully your side into a corner and use what their personal vote choice is as some leverage against them. Why are you doing this exactly? Are we in middle school where the Harris voter gets heckled in the future? My vote choice as YOURS is personal and private, I do not need to disclose anything with regard to my vote and I will not ask you that question either, nor do I really care who you vote for. Nice reply to my Trump response though, you seem unable to come with a reply so lets go back to partisan political hen pecking, that is a great fallback spot for you.
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