How will Trump's Tariff Tax effect you?

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Inflation has been a big worry for many Americans post the 2024 election. Part of Trump's campaign, he had stated that he would implement a 25% tariff on all Canadian products, and another 20% tariff on supplies being imported from China and Mexico. Trump has tied this into stopping the flow of Fentanyl to enter the U.S and with the higher tariff taxes, hoping that business owners will look in the direction of using American owned supply chains not knowing that it is hard to substitute from big trading partners.  Many people who are in favor of Trump don’t realize that the tariff tax is a tax that an importer pays, many people are under the false impression that the exporter pays this tax. This is not the case. We are expected to see a major increase in inflation by the end of this by 50 bps even if this tariff tax were to only last 3 months. This will highly affect the lower and working class population of the United States. This is a perfect example of what democrats mean when they say, “Trump is only making his friends richer”. He does not have a plan for the lower class, and he has no desire to fix the socioeconomic status for the working class of his country.  As of February, since his inauguration he has already spent 10.8 million dollars of taxpayer money on playing golf. The inauguration was only held January 20th, which was about 45 days ago prior to the date this will be posted. For further information, on “What are tariff’s” please visit https://www.cnn.com/2025/03/05/business/what-is-tariff-who-pays-imports/index.html and for additional information on “The Rise of inflation, and what to expect” please visit https://thoughtleadership.rbc.com/what-is-the-impact-of-tariffs-on-the-us-economy/#:~:text=Prices%20for%20essentials%20will%20likely,are%20enforced%20beyond%203%20months. 

These are conditions that effect a majority of the population in the United States. Even if it doesn’t effect you directly. Please act like it effects your friends, family, and loved ones. This is how we maintain a happy community and a better future for the incoming generations.


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