Comment by mikey-likes_it on 01/02/2025 at 23:30 UTC

13 upvotes, 1 direct replies (showing 1)

View submission: Trump slaps tariffs on Canada, Mexico, China, risking higher prices for U.S. consumers

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it would be a regressive consumption tax that would hurt the working class the most.

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Comment by Thunderkleize at 02/02/2025 at 00:47 UTC

1 upvotes, 2 direct replies

It's also a self-defeating snowballing cycle because the higher the tariffs, the less likely people buy the products, the less income you get.