Trump announces 25% tariff on all imported cars and car parts

[eliteballer]

This will blow a giant hole in the US economy and make cars unaffordable.

[Lakers Legend#32]

And dumbsh!t MAGAS thought eggs were too expensive.

[diamenz]

White House press secretary Karoline Leavitt on Tuesday clashed with a reporter with The Associated Press over President Trump’s use of tariffs after granting the outlet a rare question during a White House press briefing.

Leavitt faced a slew of questions about Trump’s widespread use of tariffs on imports, which have rattled financial markets and sparked fears of a recession. At one point, Leavitt called on an Associated Press reporter, who asked Leavitt why the president was proposing “tax hikes in the form of tariffs” as opposed to the tax cuts he promised on the campaign trail.

“He’s actually not implementing tax hikes. Tariffs are a tax hike on foreign countries that, again, have been ripping us off,” Leavitt said. “Tariffs are a tax cut for the American people, and the president is a staunch advocate for tax cuts.”

AP’s reporter in the room, Josh Boak, then responded: “I’m sorry, have you ever paid a tariff? Because I have. They don’t get charged on foreign companies, they get charged on importers.”

Leavitt dug in on arguing that tariffs would lead to increased wages and revenues for Americans, then shot back at Boak.

“I think it’s insulting that you’re trying to test my knowledge of economics, and the decision that this president has made,” Leavitt said. “I now regret giving a question to The Associated Press.”

https://thehill.com/homenews/adminis...house-tariffs/

[eliteballer]

https://www.youtube.com/watch?v=9Hbz1E0_y6Q

[Overdrive]

https://thehill.com/homenews/adminis...house-tariffs/

Pretty telling.

[Phoenix]

He’s actually not implementing tax hikes. Tariffs are a tax hike on foreign countries that, again, have been ripping us off,” Leavitt said. “Tariffs are a tax cut for the American people, and the president is a staunch advocate for tax cuts.”

The fukk? It's like they're arguing that the tariffs are punishing the exporter, but its the importer that pays those tariffs and they will in turn pass it down to the consumer. What, they think the businesses are absorbing these tariffs and hurting their profits??

If a country like, oh I don't know, Canada exports maple syrup to the U.S and the U.S decides to put 25% tariff on all Canadian maple syrup, the business(es) will pay that upfront and then increase the shelf price of the syrup. Either 1) this makes the syrup too expensive so the US consumer in turn buys the home-produced brands, and if that happens enough the exporter will probably just stop exporting said product because its no longer viable. Or 2) the consumer sucks it up and pays the higher price so....they're spending more money. Replace syrup with cars, alcohol or anything else sourced elsewhere. How do people not understand that's going to lead to higher prices?

Forget what these politicians are saying, let all these tariffs play out and then see what the before and after prices are for the goods in question. There's your answer.

[Bill Gates]

Giving us things for dirt cheap = "ripping us off" ?????

Anyway, Nasdaq and S&P hit new lows this morning. Buckle up, we are diving straight into the recession.

[Chick Stern]

Giving us things for dirt cheap = "ripping us off" ?????

Anyway, Nasdaq and S&P hit new lows this morning. Buckle up, we are diving straight into the recession.

so much winning!

[Phoenix]

Trump went full scorched earth, no one is safe including MAGA.

Ya'll got duped H.A.R.D. Just waiting on the cheap eggs

[RRR3]

Trump went full scorched earth, no one is safe including MAGA.

Ya'll got duped H.A.R.D. Just waiting on the cheap eggs

They don't care, as long as minorities suffer, they're happy.

[Phoenix]

They don't care, as long as minorities suffer, they're happy.

Yep!

[Lakers Legend#32]

Trump went full scorched earth, no one is safe including MAGA.

Ya'll got duped H.A.R.D. Just waiting on the cheap eggs

Why doesn't sign an executive order lowering the price of eggs and gasoline.

Inquiring poorly educated MAGAS wanna know.

[Phoenix]

Why doesn't sign an executive order lowering the price of eggs and gasoline.

Inquiring poorly educated MAGAS wanna know.

That's exactly the logic they'd use too. Just executive order everything into existence.

[Norcaliblunt]

What’s funny is how easy you can flip a person’s view on things by having someone they like or don’t like endorse a policy.

For years protectionism was more of a left thing. Use government to intervene in the market to help protect and promote American business. While the right was all about global free trade. Now it’s flipped because of one guy. Lol.

[TheMan]

What’s funny is how easy you can flip a person’s view on things by having someone they like or don’t like endorse a policy.

For years protectionism was more of a left thing. Use government to intervene in the market to help protect and promote American business. While the right was all about global free trade. Now it’s flipped because of one guy. Lol.

MAGA have no principles, if Trump tomorrow decides the 2nd amendment is dated and wants to get rid of it, watch all the MAGAtards go right along with it