Posted inDonald Trump International issues
Trump’s new tariffs are a big tax increase on ordinary Americans
Another day, another crazy decision by Trump. The newest contribution to the steadily growing list of illegal, improper, or inadvisable moves by the Trump administration is tariffs on goods imported from Canada, Mexico, and China. Before I describe how dumb this is, let's get one simple fact straight, something that Trump either doesn't understand or lies about. Tariffs imposed by the United States are paid by the American companies importing the goods, not by the exporting nation or companies doing the exporting. Since those American companies either have to pay for the full cost of the tariffs themselves, or pass…
