Simple and Truthful Information About Tariffs: You Will Be Pissed Off
If the word “tariffs” enters the conversation, most people have no idea what that involves, and no idea about how it might affect them and their families. I am going to make it simple and clear for everyone. I will warn you, this is the ultimate scam by a professional politician. Tomorrow, February 1, 2025, Trump will impose an additional tariff of 25 percent on imports from China, Canada, and Mexico. Tariffs is just another word for “tax.” American companies which import raw materials or finished goods from these three countries will be forced to pay a 25 percent increase for their purchases: the same percentage attached to the items exported from China, Canada, and Mexico. This is known as a tariff. Here's where Trump is playing tricks on the American people. The extra 25 percent increase goes directly to the national treasury. Because American businesses are forced to pay more for the imports they purchase, the cost is passed onto consumers. This is where Trump is once again pro...