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Previous Guy is still an idiot about tariffs [1]

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Date: 2023-02-27  

That indictment(s) can’t come soon enough.

Trump announces if elected that he will start a global trade war by implementing a mercantilist system. He will raise tariffs on “most foreign products,” phase out all imports from China in 4 years, and punish US companies who do business and invest in China. pic.twitter.com/867rDuz2O2

“Trump announces if elected that he will start a global trade war by implementing a mercantilist system. He will raise tariffs on ‘most foreign products,’ phase out all imports from China in 4 years, and punish US companies who do business and invest in China.”

In a just-posted campaign video, Donald Trump promises to impose massive tariffs on goods from China, which would tremendously increase the cost of living for American consumers.

The video is part of what their campaign is calling “Trump 47,” designed to paint the ex-president as having policies. He was quickly mocked.

It begins with Trump attacking President Joe Biden, claiming he is pushing a “globalist agenda.”

“I will implement a bold series of reforms to completely eliminate dependence on China,” Trump says, phasing out imports from China including electronics, steel and pharmaceuticals.

Trump also promises to “ease in a system of universal baseline tariffs on most foreign products. On top of this, higher tariffs will increase incrementally depending on how much individual foreign countries devalue their currency.”

Demonstrating that he still does not underhand how tariffs work, Trump claims his plan will bring “trillions and trillions of dollars pouring into the United States treasury from foreign countries.”

www.alternet.org/...

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[1] Url: https://www.dailykos.com/stories/2023/2/27/2155382/-Previous-Guy-is-still-an-idiot-about-tariffs

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