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Trump's Truth Social rant suggests he'll "intentionally raise prices for the American people"

2 0
26.11.2024

Donald Trump, who won in part due to inflation that peaked two years ago, campaigned on a policy of making everything from vegetables to televisions more expensive, suggesting a plurality of voters either did not understand tariffs — and the rippling economic impact of raising taxes on imported goods — or simply did not believe the Republican candidate would follow through.

In a Monday evening post on Truth Social, the president-elect reaffirmed that yeah, he’s serious.

“On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United States, and its ridiculous Open Borders,” the 78-year-old wrote, falsely implying the taxes will be paid by exporting countries and not American consumers. In a separate post, he added that “we will be charging China an additional 10% Tariff, above any additional Tariffs, on all their many products coming into the United States of America.”

Related

Ostensibly, these taxes are part of the war on drugs and the war on migrants: Trump blames China and America’s closest neighbors for allowing fentanyl and asylum-seekers to come across the border, claiming his tariffs will end only when “Drugs, in particular Fentanyl, and all Illegal Aliens stop this invasion of our Country!”

If Trump’s boast is true, American consumers will immediately see an impact — if not at the border, at least at Best Buy and their local........

© Salon


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