this post was submitted on 04 Mar 2025
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Summary

Donald Trump is poised to impose massive import tariffs on goods from Canada, Mexico, and China, effectively raising taxes on U.S. households by an estimated $3,000 annually.

Unlike past tax increases that targeted the wealthy, these tariffs disproportionately impact low- and middle-income workers.

While Trump claims the measures address immigration and fentanyl concerns, experts argue they serve as a revenue source to offset tax cuts for the rich.

Critics contend that Trump's tariffs lack a clear industrial strategy and primarily burden American consumers.

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[–] als@lemmy.blahaj.zone 178 points 6 days ago (11 children)

If only this could have been seen coming ... there were really just no warning signs ... I'm tired.

[–] Buffalox@lemmy.world 70 points 6 days ago (2 children)

Exactly, I wasn't so much shocked as I was surprised Harris lost. I mean how can so many people be that dense as to vote for Trump?

[–] Dagwood222@lemm.ee 35 points 6 days ago (7 children)

What gets me is that there were millions who couldn't be bothered to vote against Trump.

imho Biden/Harris shouldn't have had to do anything whatever. People should have just shown up and said 'no' to anotehr Trump term.

[–] Buffalox@lemmy.world 23 points 6 days ago

Absolutely, being normal should beat a flaming sociopath. But malignant narcissism and sociopathy have become virtues in USA, as the ultimate symbol of freedom. Because they only think of themselves.

[–] henfredemars@infosec.pub 21 points 6 days ago (2 children)

Good thing most Americans can find an extra three grand in their couch cushions. /s

[–] frezik@midwest.social 18 points 6 days ago

That's not for them. Vance left a tip for the couch when he finished.

[–] Ledericas@lemm.ee 6 points 5 days ago

vance already checked

[–] AA5B@lemmy.world 7 points 5 days ago (1 children)

No democrat should have had to do anything. just a few minutes of any Trump campaign speech should have been enough for him to lose most votes. Have his groupies ever actually listened to him?

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[–] Sc00ter@lemm.ee 13 points 6 days ago (2 children)

"People keep acting like a trump win will be the end of democracy, but thats just hyperbole. He wont end democracy."

-bad faith trolls

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[–] takenaps@lemmy.world 12 points 6 days ago (2 children)
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[–] Sir_Kevin@lemmy.dbzer0.com 111 points 6 days ago (2 children)
[–] Ledericas@lemm.ee 17 points 5 days ago* (last edited 5 days ago) (1 children)

he has such a wierd stance. he such severe lordosis from the lifts and girdle.

[–] Sir_Kevin@lemmy.dbzer0.com 14 points 5 days ago

I think the off-center weight in his diaper fucks with his center of gravity.

[–] bluemite@lemmy.world 17 points 6 days ago (1 children)

To be fair, COVID-19 was also a factor in 2020

[–] AHamSandwich@lemmy.world 40 points 6 days ago (1 children)

Though the orange goon's abysmal handling of the situation didn't help.

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[–] empireOfLove2@lemmy.dbzer0.com 51 points 5 days ago

Finally someone says what it is.

TARRIFFS ARE A SALES TAX.
TARRIFFS ARE A SALES TAX.
TARRIFFS ARE A SALES TAX.

And every consumer hates a sales tax.

[–] commander@lemmings.world 66 points 6 days ago (9 children)

I kept saying this, and I'm glad others are realizing it.

He steamrolled tariffs because it's a tax on the working class. He will never raise taxes for the ruling class.

[–] Corkyskog@sh.itjust.works 11 points 6 days ago (1 children)

At this point I think it's just market manipulation. They are already going back on some of the tariffs.

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[–] ChonkyOwlbear@lemmy.world 84 points 6 days ago

Remember, if you see someone stealing food, no you didn't.

[–] Litebit@lemmy.world 74 points 6 days ago* (last edited 6 days ago) (4 children)

I thought DOGE saved taxpayer money. Since the cost of government spending is lower, taxes should be lowered. This Trump and Elon are scammers if taxes are not lowered.

[–] Lucky_777@lemmy.world 71 points 6 days ago

Only if you make over 360k a year and above.

[–] henfredemars@infosec.pub 8 points 6 days ago

It saves it for distribution to billionaires.

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[–] meowmeowbeanz@sopuli.xyz 66 points 6 days ago (1 children)

When did sabotaging your own economy become a hallmark of leadership? Asking for 300 million friends.

🐱🐱🐱🐱

[–] henfredemars@infosec.pub 37 points 6 days ago

He works for Putin. He’s been very successful at following his orders.

[–] Buffalox@lemmy.world 53 points 6 days ago (1 children)

😂😂😂 Oh boy those MAGA idiots that were complaining about inflation and thought voting for Trump would help them. 🤣🤣🤣
How's that going for you? 🤡🤡🤡

[–] Hideakikarate@sh.itjust.works 24 points 6 days ago (1 children)

They'd cut off their nose to spite their face. As long as people they don't like are hurting, they'll suffer as well. They'll probably just find a way to blame Biden or Obama again.

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[–] SleepyBear@lemmy.world 29 points 6 days ago (5 children)

If I (someone who makes around $30,000 a year) owes anything CLOSE to 2 grand in federal taxes theyre gonna have to send the IRS after me to collect. 🤷 Sorry dumpy donnie.

[–] pfwood178@sh.itjust.works 52 points 6 days ago (2 children)

You won't see $2k more in Federal Income Tax, you'll pay higher prices on store shelves (because of the tariffs the Federal government collected from the importer of the goods, which ultimately get passed on to you the consumer)

[–] ehxor@lemmy.ca 19 points 6 days ago

I call it “trickle down getting-fucked”

[–] Jhex@lemmy.world 17 points 6 days ago

And pay $1,540 extr in actual income tax

[–] Snowclone@lemmy.world 7 points 5 days ago

The burden is coming in the price of goods you purchase not in a tax that is due.

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[–] SabinStargem@lemmings.world 13 points 6 days ago

I wouldn't be surprised if these tax hikes are imposed, then Musk/Trump issue checks with their faces that give 'free money' to everyone in an attempt to curry favor.

If that happens, I will turn that crap into Euros.

[–] k0e3@lemmy.ca 9 points 5 days ago

Congrats, USA!

[–] teamevil@lemmy.world 10 points 6 days ago (3 children)

I'm not paying taxes for fucking musk to destroy the country.

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[–] hansolo@lemm.ee 9 points 6 days ago* (last edited 6 days ago)

I don't want to give up too many secrets, but....

...the ultimate way to own Libs is to destroy the economy and raise taxes on everyone that voted for you. Ssshhhhhhh....don't tell anyone, them Libs'll be so pissed. ;)

critics are right

[–] Sir_Kevin@lemmy.dbzer0.com 7 points 6 days ago

This went into effect today.

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