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submitted 11 months ago by MicroWave@lemmy.world to c/news@lemmy.world

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 160 points 11 months ago

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

[-] Buffalox@lemmy.world 60 points 11 months ago

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 26 points 11 months ago

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 19 points 11 months 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 17 points 11 months ago

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

[-] frezik@midwest.social 15 points 11 months ago

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

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[-] Sc00ter@lemm.ee 10 points 11 months ago

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

-bad faith trolls

[-] Buffalox@lemmy.world 5 points 11 months ago

No he will not end democracy as such, it's in USA he will end it.

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[-] takenaps@lemmy.world 10 points 11 months ago
[-] zildjiandrummer1@lemmy.world 4 points 11 months ago

Thanks, Obam-na

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[-] Sir_Kevin@lemmy.dbzer0.com 84 points 11 months ago
[-] bluemite@lemmy.world 11 points 11 months ago

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

[-] AHamSandwich@lemmy.world 30 points 11 months ago

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

[-] bluemite@lemmy.world 4 points 11 months ago

Most definitely

[-] ChonkyOwlbear@lemmy.world 77 points 11 months ago

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

[-] Litebit@lemmy.world 71 points 11 months ago* (last edited 11 months ago)

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 11 months ago

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

[-] henfredemars@infosec.pub 8 points 11 months ago

It saves it for distribution to billionaires.

[-] Artyom@lemm.ee 4 points 11 months ago

The doge website is filled with shit like "We saved a million dollars by cutting a program that feeds starving babies" and I just have to laugh. One million isn't even enough for the average person to retire on, the government is operating at a $1.7 TRILLION deficit PER YEAR.

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[-] meowmeowbeanz@sopuli.xyz 61 points 11 months ago

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

🐱🐱🐱🐱

[-] henfredemars@infosec.pub 36 points 11 months ago

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

[-] Buffalox@lemmy.world 52 points 11 months ago

😂😂😂 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 11 months ago

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.

[-] JoShmoe@ani.social 6 points 11 months ago

They won’t actually find a way. They’ll just make up shit that Trump was actually responsible for.

[-] commander@lemmings.world 49 points 11 months ago

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 7 points 11 months ago

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

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[-] SleepyBear@lemmy.world 27 points 11 months ago

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 44 points 11 months ago

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)

[-] Jhex@lemmy.world 13 points 11 months ago

And pay $1,540 extr in actual income tax

[-] ehxor@lemmy.ca 13 points 11 months ago

I call it “trickle down getting-fucked”

[-] Snowclone@lemmy.world 4 points 11 months ago

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

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[-] empireOfLove2@lemmy.dbzer0.com 23 points 11 months 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.

[-] SabinStargem@lemmings.world 12 points 11 months 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.

[-] hansolo@lemm.ee 9 points 11 months ago* (last edited 11 months 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. ;)

[-] SatansMaggotyCumFart@lemmy.world 7 points 11 months ago

I still can't believe Bidenflation is still happening.

[-] inclementimmigrant@lemmy.world 6 points 11 months ago

Well jokes on you, Republicans will have their tariffs paid for by China, Mexico, and Canada and even better they're going to be getting a stimulus check for 8K thanks to DOGE.

That's what Tik Toc tells them and what they know to be true.

[-] Sir_Kevin@lemmy.dbzer0.com 6 points 11 months ago

This went into effect today.

[-] blanketswithsmallpox@lemmy.world 5 points 11 months ago

Trump Set to Whack US Working Class With Historic $2,000 Tax Hike

They updated the article FYI.

[-] PyroNeurosis@lemmy.blahaj.zone 4 points 11 months ago

The associated pic shows Trump's mad halotosis.

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this post was submitted on 04 Mar 2025
655 points (98.7% liked)

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