Trump Just Raised Everybody's Taxes With Tariffs
So how many Trump supporters haven't figured out that Trump is basically raising taxes on them all via all these tariffs.
It's kind of smart that he is using the screen of protecting the American economy to pull in billions of dollars. But the critically thinking mind see's through it, in fact I think most RPF members can see it. Sadly most Americans don't understand how the tariffs work. When all these tariffs hit Mexico, Trump just says see Mexico is paying for the wall. When really Americans are paying for it, as the manufactures aren't going to decrease their profit by 25%, no they just pass on the cost to the end user. I know this because I am in an industry that has something called a "Steel surcharge" that was just introduced and added to the basic cost of the item now. So we are paying for it.
Aluminium is a prime example. American producers cannot met the need of total demand right now they need help.
http://files.abovetopsecret.com/file...la5b1149ec.jpg
So Trump has given with one hand with his tax cuts but taken with another, even if companies decide to build more facilities to fill demand, how long will that take. So let's say Alcan the biggest aluminium producer in the world decides today it's going to put in a processing plant in America to escape the tariffs, Trump will be out of office before they ever cut the ribbon and open that.
So Trump just raised taxes and angered one of there closest trading partners and allies, Canada. In fact Trudeau cancelled his visit to America because of the proposed sunset clause which triggered these Tariffs in response. And Trump really is clueless, he does it right before he is scheduled to go to Canada this month for a visit. At the very least the smarter play would have been to do it after he left. The only half intelligent thing he has said is that Canada needs a separate deal from Mexico, and that I agree with.