My head is about to explode as I try to figure out the logic behind Donald Trump’s threat to impose a 30% tariff on all good imported into the United States of America.
Indeed, whoever is advising the incoming moron in chief needs to have his or her head examined. Maybe a bug has eaten part of their brain, too … if you get my drift.
What no one is telling Trump is that these tariffs won’t be felt in countries such as China, Mexico, Canada and Japan, all nations from which we import billions of dollars of goods annually.
The 30% tariff will hit U.S. consumers straight in the pocketbook. We will pay more for these items. The tariffs will hit us hard, not the producers who make these items.
You want to see inflation run wild? Let’s just see how this plays out when the Commerce Department starts releasing Consumer Price Index data in the coming months.
Trump keeps bellowing how he wants to “put America first” when he returns to the White House. This notion he has pitched to the gullible among us will do nothing of the sort.