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submitted 1 week 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 147 points 1 week ago

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

[-] Buffalox@lemmy.world 54 points 1 week 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 24 points 1 week 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 18 points 1 week 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 16 points 1 week ago

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

[-] frezik@midwest.social 14 points 1 week 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 1 week 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 1 week ago

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

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[-] takenaps@lemmy.world 9 points 1 week ago
[-] zildjiandrummer1@lemmy.world 3 points 1 week ago

Thanks, Obam-na

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[-] ChonkyOwlbear@lemmy.world 75 points 1 week ago

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

[-] Sir_Kevin@lemmy.dbzer0.com 74 points 1 week ago
[-] bluemite@lemmy.world 11 points 1 week ago

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

[-] AHamSandwich@lemmy.world 25 points 1 week ago

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

[-] bluemite@lemmy.world 3 points 1 week ago

Most definitely

[-] Litebit@lemmy.world 71 points 1 week ago* (last edited 1 week 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 1 week ago

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

[-] henfredemars@infosec.pub 8 points 1 week ago

It saves it for distribution to billionaires.

[-] JoShmoe@ani.social 4 points 1 week ago

Wait you mean this guys don’t actually create value?! OMG this whole time!

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[-] meowmeowbeanz@sopuli.xyz 60 points 1 week ago

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

🐱🐱🐱🐱

[-] henfredemars@infosec.pub 35 points 1 week ago

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

[-] Buffalox@lemmy.world 50 points 1 week 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 23 points 1 week 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 1 week ago

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

[-] commander@lemmings.world 42 points 1 week 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 1 week 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 26 points 1 week 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 40 points 1 week 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 1 week ago

And pay $1,540 extr in actual income tax

[-] ehxor@lemmy.ca 10 points 1 week ago

I call it “trickle down getting-fucked”

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[-] SabinStargem@lemmings.world 12 points 1 week 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.

[-] teamevil@lemmy.world 8 points 1 week ago

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

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[-] hansolo@lemm.ee 8 points 1 week ago* (last edited 1 week 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. ;)

I still can't believe Bidenflation is still happening.

[-] Sir_Kevin@lemmy.dbzer0.com 6 points 1 week ago

This went into effect today.

[-] inclementimmigrant@lemmy.world 6 points 1 week 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.

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

They updated the article FYI.

[-] PyroNeurosis@lemmy.blahaj.zone 4 points 1 week ago

The associated pic shows Trump's mad halotosis.

[-] Bosht@lemmy.world 3 points 1 week ago

"Whack"? Seriously? Jfc.

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this post was submitted on 04 Mar 2025
588 points (98.5% liked)

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