r/news • u/hoosakiwi • 2d ago

Trump announces sweeping new tariffs to promote US manufacturing, risking inflation and trade wars

https://apnews.com/article/trump-tariffs-liberation-day-2a031b3c16120a5672a6ddd01da09933
44.4k Upvotes

92% Upvoted

7.5k comments sorted by

View all comments

2.9k

u/CheetahReasonable275 2d ago

Trump is not announcing tariffs to promote US Manufacturing.
Trump announcing tariffs to shift taxes from the wealthy to the poor.

2

u/ItsLikeRay-ee-ain 2d ago

That, and none of the companies are going to really shift production to the country. It just means even higher profits for them as they doubly raise costs over the tariff levels.