Explain how tariffs work?
“Instead of taxing our citizens to enrich foreign nations, we should be tariffing and taxing foreign nations to enrich our citizens.” 💯
https://video.nostr.build/d743b96a92a44f65a2e39c58125b33a3b6dde7f6cd71e1fe5d14c31212e7704e.mp4
- President Donald J. Trump 🇺🇸
#democrats #obama #soros
This is why we #MAGA
Discussion
It’s still a tax on people, as the importer pays it and passes the cost to the consumer, but, based on consumption of foreign goods. This may also encourage more domestic production of goods we currently import.
Even with higher prices foreign goods, I prefer this approach as income taxation is nothing but extortion
Manufacturing outside US is so much cheaper than in US. No ways our people are going to work for $4 a day. I said day not hour. Even with shipping and labor and import/export duty, supply chain, the corporations are still able to make 70% margins. The only way manufacturing is coming back to US without inflation is thru end to end automation using robotics and AI. Tesla is an example of how they achieved some processes 100% automation which gave them market edge for years. Imagine 100% automation throughout supply chain. Tariffs make our paychecks smaller and living paycheck to paycheck is already stressful. I can no longer make any cuts.
Agreed. Some things may re-shore, but not much