Comment on Trump's antagonism risks pushing U.S. allies closer to China
j4k3@lemmy.world 4 weeks ago
Tariffs are taxes for the poor that are too stupid to think of them as taxes. There is no plan or protectionism here. This is a 10-25% tax on the poor that are too stupid to care. All of that will be directly passed down in the cost of goods and inflation.
ramble81@lemm.ee 4 weeks ago
Yup. Estimates are this will cost households another $828… that comes out to $108 billion per year that all goes directly to the US government. And now that Musk controls the treasury, who know where it will go.