https://www.britannica.com/money/US-import-tariffs-by-country
60 different countries currently have Trump-imposed tariffs. This means that virtually all imports are now more expensive for American businesses, who will pass that cost off to consumers.
This is on top of the war with Iran making gas more expensive, and healthcare costing much more because of Medicaid cuts.
All happening in an economy where housing and rent costs are at record highs.
Only 1 year since his 2nd term started, the cost of living is significantly worse.
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Republicans made healthcare more expensive while being directly responsible for more people being sick, discussed here:
Thread 206012
@vivify saidWhat a stupid ignorant post. Virtually all of the 190 countries in the world impose import duties on American goods and services, some of which are pretty high. In my country if I buy an American product for $100 US, chances are that when it arrives it will be about $200 US, + shipping and handling. The import tarrif imposed by Trump are mostly retaliatory.
https://www.britannica.com/money/US-import-tariffs-by-country
60 different countries currently have Trump-imposed tariffs. This means that virtually all imports are now more expensive for American businesses, who will pass that cost off to consumers.
This is on top of the war with Iran making gas more expensive, and healthcare costing much more because of Medicaid cuts ...[text shortened]... ecord highs.
Only 1 year since his 2nd term started, the cost of living is significantly worse.
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@Rajk999 saidYou clearly don't understand the difference between a tariff and duty.
What a stupid ignorant post. Virtually all of the 190 countries in the world impose import duties on American goods and services, some of which are pretty high. In my country if I buy an American product for $100 US, chances are that when it arrives it will be about $200 US, + shipping and handling. The import tarrif imposed by Trump are mostly retaliatory.
Tariff are rules that dictate the duty. Tariffs themselves aren't a problem, it's Trump's outrageous use of them. He just imposed a 50% percent tariff on Canada., which is the second biggest trading partner for the U.S. That will will significantly raise costs. The problem is similar for all the other tariffs, like China, third largest trading partner.
You claim they're retaliatory: on sixty different countries? For what? What reason validates making imports more expensive for America?
@vivify saidPlaying with words again. Its the same thing. Slightly different definitions, same end result.
You clearly don't understand the difference between a tariff and duty.
Tariff are rules that dictate the duty. Tariffs themselves aren't a problem, it's Trump's outrageous use of them. He just imposed a 50% percent tariff on Canada., which is the second biggest trading partner for the U.S. That will will significantly raise costs. The problem is similar for all the ot ...[text shortened]... u] different countries? For what? What reason validates making imports more expensive for America?
The point is that if all the worlds nations impose significant import duties on US goods and services, then the US manufacturers can be at a considerable disadvantage when competing for a share of the international market.
Not everything is about what effect it has on your cost of living.
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@Rajk999 saidDo you have evidence this is the reason for Trump's increased tariffs? That "all the world's nations" imposed "significant" tariffs on the U.S.?
The point is that if all the worlds nations impose significant import duties on US goods and services, then the US manufacturers can be at a considerable disadvantage when competing for a share of the international market.
@vivify saidYou can find such evidence with a simple Google search. Trump made claims that they were retaliatory tarrifs. Personally, I am not a Trump supporter neither do I suffer from TDS. What I do know is that in almost all countries, US products have to jump a pretty high tarrif barrier, putting then at a significant disadvantage. While this is justifiable during early stages of development, it is not when it goes on for decades.
Do you have evidence this is the reason for Trump's increased tariffs? That the "all the world's nations" imposed "significant" tariffs on the U.S.?