Nobody is going to make ordinary shoes in America, so you and I must now pay more for shoes. And few companies can make anything here based on policies that can change on a whim. As tariffs will.
Taxes just went up, not down, since the definition of a tariff is a tax on imports. Most companies raise prices to cover these new taxes. .
If I am right, tariffs mean more things made in America and lower taxes. If I am correct, then I am going all in. https://tinyurl.com/yeyp6evt
Nobody is going to make ordinary shoes in America, so you and I must now pay more for shoes. And few companies can make anything here based on policies that can change on a whim. As tariffs will.
Taxes just went up, not down, since the definition of a tariff is a tax on imports. Most companies raise prices to cover these new taxes. .
I think this is where those seemingly made up numbers come from:
Japan for example doesn't have 46% tariffs against the US. The 46% he claims was derived from the trade deficit with each nation--NOT tariffs.
We exported 68 billion. We imported 148 bill. 148 - 68 = 80. 80 / 148 = 46% "tariffs" Trump claims Japan imposes
https://rogueandrebel.substack.com/p/trumps-reciprocal-tariffs-are-a-lie?utm_source=share&utm_medium=android&r=4dclbd