tmserra.bsky.social
@tmserra.bsky.social
Reposted
I’m concerned that Trump will give cover to giant corporations to use his tariffs as an excuse to raise prices on working families - while doling out waivers to his buddies.

We will hold him accountable.
February 1, 2025 at 11:32 PM
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Businesses will pass these higher costs onto consumers—costing the average family almost $830 MORE this year.

That’s BEFORE we account for the cost of retaliatory tariffs from Mexico and Canada, which could launch us into a trade war and recession.
taxfoundation.org/research/all... (3/3)
Tracking the Economic Impact of the Trump Tariffs
The Trump administration imposed nearly $80 billion worth of new taxes on Americans by levying tariffs on thousands of products in 2018 and 2019, amounting to one of the largest tax increases in decad...
taxfoundation.org
February 1, 2025 at 11:40 PM
Reposted
That said , I think it turns out like Colombia. They come up with an agreement quickly. It will be immaterial.

Nothing really will change. But he declares victory and the “Tariff is the hammer, everything is the nail “ attitude doesnt change
February 2, 2025 at 12:02 AM
Reposted
February 2, 2025 at 12:08 AM