The word “tariff” has been in the news quite often since Trump is announced his burgeoning percentages against Mexico, Canada, China, and possibly several other nations. All of those nations have established retaliatory tariffs for goods coming from America into their countries. Just like a rising tide lifts all boats, a rising tariff lifts all prices. That means the cost of living in every country, probably every country on earth, will increase. There is no way that we can escape double digit inflation in the next 60 days if these tariffs persist. So what is a tariff? A tariff is a tax on goods as those goods enter the country. For example, when Canada ships oil to United States under the Trump tariff plan that oil is taxed at 25% of its value. That means that the importer organization must send 25% of that shipments value to Washington DC. The money then becomes funding for whatever Trump’s regime wants to do with it. The cost of that oil will increase by 25% plus whatever margin the importer chooses to place on that oil. So obviously we will pay more at the gas pumps for oil has been increased in price by at least 25%. It is impossible for such widespread tariffs and return tariffs from other countries to result in less than a double digit inflation. The least that can be said is that Trump’s promise to reduce prices during his campaign was a total lie. He’s not concerned with average American citizens and our abilities to cope with the additional tariff cost. Remember, he is dealing with billionaire mega donors and he can’t be bothered with the voters who gave him the authority to screw us all over. If you voted for Trump it’s only a matter of time until you realize how foolish that decision was. The real question is: “are you willing to admit your mistake and change your position the next opportunity you get at the ballot box.”
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