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Reply to "Trump tariffs: ruin U.S. economy until 2040"
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[quote=Anonymous][quote=Anonymous]Trump tariffs tax over all are about 10%. For all his talk he really has not done anything. Maybe he can go back to his remaking of the US capital and his four pillars of the 120-metre high Triumphal Arch. https://www.theguardian.com/cities/2016/apr/14/story-of-cities-hitler-germania-berlin-nazis[/quote] Reality begs to differ. His tariffs are increasing inflation and amount to a $1300 tax on every household. Not to mention destroying export markets which is costing U.S. taxpayers billions more in bailouts. https://www.cbsnews.com/amp/news/inflation-tariffs-trump-prices-consumers/ Trump administration tariffs imposed this year on dozens of nations and a range of industries are fueling inflation, especially for goods that are widely imported into the U.S., a recent analysis shows. Product categories seeing some of the biggest price hikes due to tariffs include furniture, car parts, electronics and musical instruments, according to economists at the Federal Reserve Bank of St. Louis. The findings are based on research models estimating tariff-related price hikes and drawing on Personal Consumption Expenditures (PCE) data, a widely used gauge of inflation. [/quote]
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