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Reply to "Trump tariffs: ruin U.S. economy until 2040"
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[quote=Anonymous]Tariffs are taxes. They will increase prices, reduce demand and increase unemployment. Remember things like car parts cross the border multiple times as a car is assembled. Each time it crosses it’s a 25% tax. Mexico makes up 64% of U.S. vegetable imports and 46% percent of U.S. fruit and nut imports. Texas is very dependent on trade with Mexico. Any slow down in trade will hit Texas a lot harder vs other states. Canada exports wood products, cars, car parts and oil to the US. The Chinese are flexing on the supplies lines now and US businesses are freaking out. These tariffs will be incredibly disruptive. It does not seem like Trump understands how interdependent the US economy is with Mexico, Canada and yes China. We have worked to interlink our economies with Mexico and Canada for 30 years and one day in Jan all of that will be thrown away? Remember these are punitive tariffs. [/quote]
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