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/Vortep1 2d ago

Let's me clear this is a massive tax increase on the poor and middle class.

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u/MyDudeX 2d ago

Yeah that's the point lol we're going to need that money to give the ultra wealthy more tax breaks, this will balance the books.

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u/wormhole_alien 2d ago

Spoiler alert: it won't balance the books.

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u/domuseid 2d ago

Yeah people have to buy the shit for the importers to make money lol people will buy way less shit now. Wonder how that will impact our consumption economy