He did but he also paid off people hit by the tariffs(deficits don’t matter when it’s a Republican) so nobody noticed. Plus Covid hit and everyone got paid to sit.Trump implemented tariffs during his first term, I believe they were 18% on certain goods. Nobody seemed to care…
In fact Biden took office and never reversed it. If Trump wasn’t so damn arrogant and stupid he could have implemented this and 99% of the public wouldn’t have known or cared. But he kept going on and on about it and now it’s a thing.
Yall haven't noticed that Trump comes off like he doesn't give a fukk. He is saying this to ruffle some feathers internationally and maybe renegotiate some trade agreements. He won't do blanket tariffs but rather strategic and specific ones. It's all part of the game so chill out folks
And I Didn't, just like I wasn't taught a hundred OTHER things that should've prepared me for life that I should've been tought back in school like hella other people here In The USthats something you should have came across as a sophomore in high school if not a freshman.
I Appreciate it, now I know what a Tariff is.Let me help you here...
In short, tariffs are extra taxes on imported goods. The purpose of tariffs is to make items produced within the country issuing the tariffs more competitive cost and price-wise.
For example, if you buy shirts from China for $10 per shirt to sell at $20 per shirt. With a tariff on Chinese imports (let's say 50%) in place, that shirt you buy from China now costs you $15 each to buy.
As a business owner, you're not going to sell that shirt at $20 anymore. Instead, you have to raise the price to $25 to offset the cost of the tarrif you paid.
The idea is that if you can get that same shirt, but made in America at the same price point, you will buy the American-made shirt instead.
Either way, though, the price will go up for the people you sell shirts to, which can decrease demand and negatively impact your business.
He implemented targeted tarrifs on China, which includes things we currently don't buy here like cars phones etc. He didn't do across the board tarrifs. Tarrifs on China make sense , considering China tries to undercut US businesses with low prices. Ironically it's anti free marker which republicans loveTrump implemented tariffs during his first term, I believe they were 18% on certain goods. Nobody seemed to care…
In fact Biden took office and never reversed it. If Trump wasn’t so damn arrogant and stupid he could have implemented this and 99% of the public wouldn’t have known or cared. But he kept going on and on about it and now it’s a thing.