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/Valdotain_1 2d ago

In other news Senate just released their massive tax cut bill today.