this post was submitted on 26 Nov 2024
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News

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Summary

Donald Trump pledged to impose a 25% tariff on all products from Mexico and Canada on his first day in office, blaming them for failing to stop illegal drugs and immigration.

He also vowed to add a 10% tariff on Chinese goods until drug trafficking into the U.S. ceases.

Economists warn these tariffs could drive up consumer prices and inflation.

While violent crime has declined in recent years, Trump continues to link trade measures to border security and drug issues, echoing his first-term trade policies and immigration stance.

(page 2) 30 comments
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[–] [email protected] 3 points 6 days ago (3 children)

What are the benefits for him? All that he do is for his own good. At first I thought he was saying lies so that he can get elected. But now that he is elected, what will he gain from doing that? Won't American suffer so does his assets?

[–] DangerBit 7 points 6 days ago (1 children)

My betting is he'll relax tariffs on companies if they pay him.

[–] Pilferjinx 1 points 6 days ago

Don likes to make "deals". I honestly think he'll walk back on this once it begins to piss everyone off.

[–] Zron 4 points 5 days ago

Recessions allow the wealthy to consolidate and expand their wealth.

He’s going to force a huge recession so he, and all of his billionaire friends, can buy up failing companies, consolidate them, and make even more money when the economy gets recovered by someone who actually knows what they’re doing.

Enjoy the last few months of being able to afford anything.

[–] MutilationWave 2 points 5 days ago

If all assets are lower, the billionaires can buy everything cheap then get crazy wealthy whenever (if) things are ever fixed.

[–] Revonult 3 points 6 days ago (2 children)

The whirlpool logo looks too much like a halo to be a coincidence...surprised the pic doesn't burst into flames

[–] dual_sport_dork 3 points 6 days ago

That looks like a ludicrously bad shop job. Also, Whirlpool appliance boxes are not printed in color like that.

And for anyone wondering, practically all of Whirlpool (and all the other "American" brands) refrigerators are made in Mexico. Just saying.

[–] Hobbes_Dent 1 points 6 days ago

Looks like a don’t-buy-me sign to me.

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