Summary

Donald Trump is poised to impose massive import tariffs on goods from Canada, Mexico, and China, effectively raising taxes on U.S. households by an estimated $3,000 annually.

Unlike past tax increases that targeted the wealthy, these tariffs disproportionately impact low- and middle-income workers.

While Trump claims the measures address immigration and fentanyl concerns, experts argue they serve as a revenue source to offset tax cuts for the rich.

Critics contend that Trump’s tariffs lack a clear industrial strategy and primarily burden American consumers.

  • AA5B@lemmy.world
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    2 days ago

    No democrat should have had to do anything. just a few minutes of any Trump campaign speech should have been enough for him to lose most votes. Have his groupies ever actually listened to him?