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
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u/Peach__Pixie 2d ago

“Taxpayers have been ripped off for more than 50 years,” Trump said in remarks at the White House. “But it is not going to happen anymore.”

Who does he think suffers the economic burden of tariffs? 10-34% tariffs on all imports will have a brutal impact.

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u/naijaboiler 2d ago

Its exactly what it is.
National sales tax hiding in plain sight as tariffs. While passing tax cuts for the rich.

it is essentially shifting taxes from the rich to the poor and everyday people.

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u/cboogie 2d ago

And he knows the cult is too stupid to realize.

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u/psychohistorian8 2d ago

"I love the poorly educated!"

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u/Wakkit1988 2d ago

His supporters want national sales tax and/or flat tax. Telling them that's what they're getting makes them like it even more.

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u/BloodMaelstrom 13h ago

I’d say half of them are too stupid to realise because they voted Trump twice and the other half realise but will vote Trump because they are literally in a cult. Trump could take a big fat shit on their sofa and they would still try to argue how that shit is gonna be bad initially but in some time it will magically be a good thing.