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submitted 1 year ago by MicroWave@lemmy.world to c/news@lemmy.world

Summary

Donald Trump pledged to impose a 25% tariff on all products from Mexico and Canada on his first day in office, blaming them for failing to stop illegal drugs and immigration.

He also vowed to add a 10% tariff on Chinese goods until drug trafficking into the U.S. ceases.

Economists warn these tariffs could drive up consumer prices and inflation.

While violent crime has declined in recent years, Trump continues to link trade measures to border security and drug issues, echoing his first-term trade policies and immigration stance.

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[-] Rentlar@lemmy.ca 48 points 1 year ago

2016 Trump: We're gonna build the wall 10ft higher!

2024 Trump: We're gonna make the price of everything 10% higher!?

[-] GreenSkree@lemmy.world 20 points 1 year ago

2024 voters: InFlAtIoN tOo HiGh! TrUmP bEtTeR fOr ThE eCoNoMy!!1

[-] Boddhisatva@lemmy.world 13 points 1 year ago

10%? It'll be a hell of a lot more than that if he does all he's threatening to do.

[-] Rentlar@lemmy.ca 4 points 1 year ago* (last edited 1 year ago)

Yeah. I'm just echoing the old refrain everytime a MAGA person was upset at something, the wall got 10ft higher. This time, it is every time they are triggered, prices are 10% higher.

this post was submitted on 26 Nov 2024
374 points (98.2% liked)

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