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

critics are right

[–] empireOfLove2@lemmy.dbzer0.com 43 points 13 hours ago

Finally someone says what it is.

TARRIFFS ARE A SALES TAX.
TARRIFFS ARE A SALES TAX.
TARRIFFS ARE A SALES TAX.

And every consumer hates a sales tax.

[–] k0e3@lemmy.ca 6 points 12 hours ago

Congrats, USA!

[–] commander@lemmings.world 63 points 19 hours ago (9 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 10 points 18 hours ago (1 children)

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

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[–] Sir_Kevin@lemmy.dbzer0.com 106 points 21 hours ago (2 children)
[–] Ledericas@lemm.ee 16 points 16 hours ago* (last edited 16 hours ago) (1 children)

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

[–] Sir_Kevin@lemmy.dbzer0.com 12 points 16 hours ago

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

[–] bluemite@lemmy.world 16 points 20 hours ago (1 children)

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

[–] AHamSandwich@lemmy.world 39 points 19 hours ago (1 children)

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

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[–] als@lemmy.blahaj.zone 175 points 1 day ago (10 children)

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

[–] Buffalox@lemmy.world 69 points 1 day ago (4 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?

[–] Dagwood222@lemm.ee 34 points 1 day ago (9 children)

What gets me is that there were millions who couldn't be bothered to vote against Trump.

imho Biden/Harris shouldn't have had to do anything whatever. People should have just shown up and said 'no' to anotehr Trump term.

[–] AA5B@lemmy.world 6 points 16 hours ago (1 children)

No democrat should have had to do anything. just a few minutes of any Trump campaign speech should have been enough for him to lose most votes. Have his groupies ever actually listened to him?

[–] Dagwood222@lemm.ee 3 points 8 hours ago

Awareness isn't a big thing for them. They've lived through Reaganomics since 1980 and still haven't noticed that none of the wealth is trickling down.

In 1980, 'middle class' was still one job supporting a family of four and $1 million was still a vast fortune. By the time Bush Sr's term was over, 'middle class' was two incomes to run a household and $1 million was what a rich guy paid for a party.

[–] Buffalox@lemmy.world 22 points 22 hours ago

Absolutely, being normal should beat a flaming sociopath. But malignant narcissism and sociopathy have become virtues in USA, as the ultimate symbol of freedom. Because they only think of themselves.

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[–] KeenFlame@feddit.nu 1 points 11 hours ago

No they said they were going to. It was very clear that your countrymen decided exactly this.

[–] takenaps@lemmy.world 12 points 21 hours ago (2 children)
[–] Tja@programming.dev 2 points 12 hours ago

Where is Kamala now? Why doesn't she do something against this?

[–] zildjiandrummer1@lemmy.world 4 points 16 hours ago

Thanks, Obam-na

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[–] SabinStargem@lemmings.world 13 points 18 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.

[–] SleepyBear@lemmy.world 28 points 21 hours ago (5 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.

[–] Snowclone@lemmy.world 7 points 13 hours ago

The burden is coming in the price of goods you purchase not in a tax that is due.

[–] pfwood178@sh.itjust.works 52 points 20 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 18 points 18 hours ago

I call it “trickle down getting-fucked”

[–] Jhex@lemmy.world 16 points 20 hours ago

And pay $1,540 extr in actual income tax

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[–] meowmeowbeanz@sopuli.xyz 65 points 23 hours ago (1 children)

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

🐱🐱🐱🐱

[–] henfredemars@infosec.pub 37 points 23 hours ago

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

[–] ChonkyOwlbear@lemmy.world 82 points 1 day ago

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

[–] Litebit@lemmy.world 74 points 1 day ago* (last edited 20 hours ago) (4 children)

I thought DOGE saved taxpayer money. Since the cost of government spending is lower, taxes should be lowered. This Trump and Elon are scammers if taxes are not lowered.

[–] Lucky_777@lemmy.world 71 points 1 day ago

Only if you make over 360k a year and above.

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[–] Buffalox@lemmy.world 52 points 1 day ago (2 children)

😂😂😂 Oh boy those MAGA idiots that were complaining about inflation and thought voting for Trump would help them. 🤣🤣🤣
How's that going for you? 🤡🤡🤡

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[–] blanketswithsmallpox@lemmy.world 5 points 16 hours ago

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

They updated the article FYI.

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