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.
I know you don’t get it simply because anything Trumps says, you’ll automatically go opposite.
Chinese tariffs can help the United States in several ways:
1. **Domestic Industry Protection**: Tariffs on Chinese imports can protect American manufacturers from foreign competition, allowing them to grow and maintain jobs within the U.S. This can be particularly beneficial for industries that are struggling to compete with cheaper Chinese goods.
2. **Encouraging Local Production**: By making imported goods more expensive, tariffs can incentivize companies to produce products domestically. This can lead to increased investment in U.S. manufacturing facilities and job creation.
3. **Trade Balance Improvement**: Tariffs can help reduce the trade deficit by decreasing the volume of imports from China. A lower trade deficit can strengthen the U.S. economy and improve the balance of payments.
4. **Negotiation Leverage**: Imposing tariffs can serve as a bargaining chip in trade negotiations. It can compel China to make concessions on various issues, such as intellectual property rights, market access, and trade practices.
5. **Consumer Awareness**: Increased prices of Chinese goods may encourage consumers to consider domestic alternatives, fostering a sense of patriotism and support for local businesses.
6. **Revenue Generation**: Tariffs generate revenue for the U.S. government, which can be used to fund various programs or offset other expenditures.