- cross-posted to:
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- cross-posted to:
- [email protected]
Summary
A Harris poll reveals that 69% of Americans believe Donald Trump’s proposed tariffs would increase consumer costs, with many planning purchases ahead of his inauguration to avoid price hikes.
Trump has championed tariffs as a key policy to boost domestic manufacturing, but economists and corporate leaders warn costs will be passed to consumers, potentially adding $2,600 annually to household expenses.
While Republicans are more supportive of tariffs, only 51% think they will benefit the economy.
The poll highlights widespread concern over tariffs’ economic impact, especially amid lingering inflation and financial uncertainty.
It amazes me that Republicans can be supportive of what is a blatant tax grab by the federal government. Trump is basically saying "I’m going to add a federal sales tax on top of the majority of everything you buy to the tune of 25% or more. With China, a lot of that is manufactured consumer goods. But with Canada and Mexico, we’re talking food products, automobiles, natural resources needed by American industries, etc.
Somehow he’ll still have a deficit.
The plan is to have a disturbing deficit, and interest payments are getting really big now.
This is like climate change, it’s not apparently hurting anyone tomorrow so… no one cares anymore.
Pro Tip: If you have any large purchases to make in your life, now is the time.
Also, probably buy a gun because there’s about to be a lot more desperate people out there.