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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Trump Set to Whack US Working Class With Historic $2,000 Tax Hike

They updated the article FYI.

[–] SabinStargem@lemmings.world 10 points 2 hours ago

I wouldn't be surprised if these tax hikes are imposed, then Musk/Trump issue checks with their faces that give 'free money' to everyone in an attempt to curry favor.

If that happens, I will turn that crap into Euros.

[–] commander@lemmings.world 43 points 4 hours ago (8 children)

I kept saying this, and I'm glad others are realizing it.

He steamrolled tariffs because it's a tax on the working class. He will never raise taxes for the ruling class.

[–] Corkyskog@sh.itjust.works 7 points 2 hours ago (1 children)

At this point I think it's just market manipulation. They are already going back on some of the tariffs.

[–] CharlesDarwin@lemmy.world 1 points 1 hour ago

Which ones?

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[–] Sir_Kevin@lemmy.dbzer0.com 69 points 6 hours ago (2 children)
[–] Ledericas@lemm.ee 4 points 1 hour ago* (last edited 1 hour ago) (1 children)

he has such a wierd stance. he such severe lordosis from the lifts and girdle.

[–] Sir_Kevin@lemmy.dbzer0.com 3 points 1 hour ago

I think the off-center weight in his diaper fucks with his center of gravity.

[–] bluemite@lemmy.world 10 points 4 hours ago (1 children)

To be fair, COVID-19 was also a factor in 2020

[–] AHamSandwich@lemmy.world 24 points 4 hours ago (1 children)

Though the orange goon's abysmal handling of the situation didn't help.

[–] bluemite@lemmy.world 3 points 3 hours ago

Most definitely

[–] Bosht@lemmy.world 4 points 3 hours ago

"Whack"? Seriously? Jfc.

[–] SleepyBear@lemmy.world 24 points 5 hours ago (3 children)

If I (someone who makes around $30,000 a year) owes anything CLOSE to 2 grand in federal taxes theyre gonna have to send the IRS after me to collect. 🤷 Sorry dumpy donnie.

[–] Ledericas@lemm.ee 2 points 1 hour ago

the irs has been gutted, tehy wont be coming after you anyways.

[–] pfwood178@sh.itjust.works 41 points 5 hours ago (2 children)

You won't see $2k more in Federal Income Tax, you'll pay higher prices on store shelves (because of the tariffs the Federal government collected from the importer of the goods, which ultimately get passed on to you the consumer)

[–] ehxor@lemmy.ca 9 points 2 hours ago

I call it “trickle down getting-fucked”

[–] Jhex@lemmy.world 14 points 4 hours ago

And pay $1,540 extr in actual income tax

[–] glitch1985@lemmy.world 2 points 2 hours ago

Don't worry he's getting rid of half of the irs so there won't be anyone to enforce tax laws.

[–] AlecSadler@sh.itjust.works -1 points 1 hour ago

I recently updated my W4 to have a stupidly high deduction so I pay almost no federal taxes.

I fully realize I'll owe this (and maybe penalties) later, but that's a future me problem and, frankly, I plan to delay, deny, and dispose (of the IRS letters) as long as I can without something like jail time.

[–] als@lemmy.blahaj.zone 144 points 9 hours ago (8 children)

If only this could have been seen coming ... there were really just no warning signs ... I'm tired.

[–] takenaps@lemmy.world 9 points 6 hours ago (1 children)
[–] zildjiandrummer1@lemmy.world 2 points 1 hour ago

Thanks, Obam-na

[–] Buffalox@lemmy.world 55 points 9 hours ago (10 children)

Exactly, I wasn't so much shocked as I was surprised Harris lost. I mean how can so many people be that dense as to vote for Trump?

[–] Sc00ter@lemm.ee 8 points 6 hours ago (2 children)

"People keep acting like a trump win will be the end of democracy, but thats just hyperbole. He wont end democracy."

-bad faith trolls

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[–] teamevil@lemmy.world 8 points 5 hours ago (2 children)

I'm not paying taxes for fucking musk to destroy the country.

[–] 60d@lemmy.ca 1 points 1 hour ago

Yes you are, lol.

[–] AA5B@lemmy.world 1 points 1 hour ago

You won’t be paying more taxes, directly. Things will just cost a lot more and you’ll blame foreign companies instead of senseless import taxes that you’re paying. It’s a hidden tax

[–] meowmeowbeanz@sopuli.xyz 59 points 8 hours ago (1 children)

When did sabotaging your own economy become a hallmark of leadership? Asking for 300 million friends.

🐱🐱🐱🐱

[–] henfredemars@infosec.pub 34 points 8 hours ago

He works for Putin. He’s been very successful at following his orders.

[–] ChonkyOwlbear@lemmy.world 74 points 9 hours ago

Remember, if you see someone stealing food, no you didn't.

[–] Sir_Kevin@lemmy.dbzer0.com 7 points 6 hours ago

This went into effect today.

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