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.

  • als
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    1 day ago

    If only this could have been seen coming … there were really just no warning signs … I’m tired.

    • Buffalox@lemmy.world
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      1 day ago

      Exactly, I wasn’t so much shocked as I was surprised Harris lost. I mean how can so many people be that dense as to vote for Trump?

      • Dagwood222@lemm.ee
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        1 day ago

        What gets me is that there were millions who couldn’t be bothered to vote against Trump.

        imho Biden/Harris shouldn’t have had to do anything whatever. People should have just shown up and said ‘no’ to anotehr Trump term.

        • AA5B@lemmy.world
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          16 hours 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?

          • Dagwood222@lemm.ee
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            9 hours ago

            Awareness isn’t a big thing for them. They’ve lived through Reaganomics since 1980 and still haven’t noticed that none of the wealth is trickling down.

            In 1980, ‘middle class’ was still one job supporting a family of four and $1 million was still a vast fortune. By the time Bush Sr’s term was over, ‘middle class’ was two incomes to run a household and $1 million was what a rich guy paid for a party.

        • Buffalox@lemmy.world
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          22 hours ago

          Absolutely, being normal should beat a flaming sociopath. But malignant narcissism and sociopathy have become virtues in USA, as the ultimate symbol of freedom. Because they only think of themselves.

        • timbuck2themoon@sh.itjust.works
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          20 hours ago

          Oh no no no. It’s of course someone else’s fault. Harris not good enough, blah blah blah. Definitely don’t blame people too lazy or uninterested to vote. That’s definitely not their fault and theyre definitely not complicit in everything going on.

          • Tja@programming.dev
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            12 hours ago

            No sir, it’s the democrats for Gaza. Or for biden. Or for not being sparkly enough. Or now, for not standing up to trump (when they are in the minority). They are the ones to blame for the situation, not trump or the morons who voted for him for a second term, or stayed at home. No sir, let’s be mad at the democrats.

      • Sc00ter@lemm.ee
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        21 hours ago

        “People keep acting like a trump win will be the end of democracy, but thats just hyperbole. He wont end democracy.”

        -bad faith trolls

    • KeenFlame@feddit.nu
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      11 hours ago

      No they said they were going to. It was very clear that your countrymen decided exactly this.