Trump supporters better take note of the effect of his tariffs. The man they elected never had their interest at hand passed the lies he had to tell to fool them into voting for likely the worlds most effective charlatan. They will now pay the price for electing the man who not only had any intentions of making their economies better but one whose intent is apparently to take the little they have because he can.
Trump’s tariffs ripoff his supporters
Trump supporters are gleeful in having elected a tough, simple spoken president. Unfortunately, he is rewarding them by ripping them off.
Salon reported the following.
In the US, who will be most affected? The emerging conclusion is Republican states, Trump voters, and small business people. Moody’s Analytics projects that China’s tariffs will significantly affect 20 percent of the counties that voted for Trump (with a total population of eight million Americans), as opposed to only three percent of the counties that voted for Hillary Clinton (1.1 million total population). Soybean farmers in the Great Plains, car manufacturers in the Midwest, and oil producers in the Dakotas and Texas have all been hit by China’s tariffs, and they are predominantly from red states.
Finally, 59 percent of small- and medium-sized firms export to only a single market, compared to 75 percent of large firms that export to multiple countries, leaving smaller firms exceptionally vulnerable to international trade turmoil. They are the most exposed to the costs of Trump’s frenzied policies and often live in red states.This Red State ruination is not accidental. Donald Trump brought his belligerent brand of politics to trade, insisting that he could force US trading partners to submit. With their responses, the EU and other countries have made a different point — that in an interdependent global economy, economic aggression affects everyone, even the perpetrator, so that reasonable compromise is manifestly preferable to conflict.
To drive this home, these countries intend to punish Trump’s supporters in the US. Many of these retaliatory tariffs have been targeted with malice aforethought, to send a message to Donald Trump and to those who put him in office. Several countries have aimed their fire at both Kentucky and Wisconsin, homes of Senate Majority Leader Mitch McConnell and House Speaker Paul Ryan, levying tariffs on specific local products such as whiskey, cheese, and Harley Davidson motorcycles
Trump supporters were made to believe that tariffs would be a punitive action against countries who are exercising some unfair trading with the U.S. that is harming them, reducing their wages and jobs. Trump never told them that tariffs are taxes that they will pay. He never said to them that the prices of many of the products they purchase at Walmart would be higher. And the car they may need to buy, the cost will be higher.
The cold calculated sinister thing about the tariffs is that Trump just may be using them to help pay for his tax cut scam that took their hard-earned monies and gave it to rich people.
Tariffs are yet another avenue to take your money to pay for the giveaway to the wealthy. Now, do you see how much Trump cares about his supporters? Do you see how smart he thinks them?
Make sure these folks understand the realities. Share this post widely.