Comment on Trump threatens a 100% tariff on BRICS countries if they abandon U.S. dollar

ExtremeDullard@lemmy.sdf.org ⁨5⁩ ⁨weeks⁩ ago

As always, Trump talks about tarffs as if it’s a punishment he threatens to impose on other nations, when in reality, tariffs are first and foremost a punishment on the American people.

Exporter countries will not foot the bill. American importers will, and they’ll pass the extra cost onto the American consumers.

Tariffs may ultimately spur the development of domestic manufacturing of whatever imported goods will be taxed. That’s the entire point of tariffs after all. But it’s far from certain and it will take years in the best of cases - years during which the Americans will become poorer and will have a harder time making ends meet.

That’s what Trump is really proposing. That’s what the Americans voted for.

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