this post was submitted on 04 Mar 2025
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Summary

Donald Trump is poised to impose massive import tariffs on goods from Canada, Mexico, and China, effectively raising taxes on U.S. households by an estimated $3,000 annually.

Unlike past tax increases that targeted the wealthy, these tariffs disproportionately impact low- and middle-income workers.

While Trump claims the measures address immigration and fentanyl concerns, experts argue they serve as a revenue source to offset tax cuts for the rich.

Critics contend that Trump's tariffs lack a clear industrial strategy and primarily burden American consumers.

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[–] Bwoj@lemmy.world 15 points 4 hours ago (1 children)

You’re saying a tariff doesn’t count as a tax because it gets hidden in the final price of goods?

Maybe corporate America will tack on a “tariff fee” like those bs restaurant service fees to tell consumers it’s not their fault.

[–] glimse@lemmy.world -1 points 4 hours ago (1 children)

I'm saying people are going to look for this tax increase they heard about and not find it on their paycheck.

Feel free to tell me the downside of being accurate here.

[–] Bwoj@lemmy.world 7 points 4 hours ago

It would be accurate to call a tariff what it is: a tax. Maybe the downside is ostrich-heads won’t be able to bury their heads in the sand and pretend it’s not a tax.

People are very used to paying taxes that don’t show up on their pay statement. Things like sales tax, property tax.