this post was submitted on 26 Nov 2024
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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.

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[–] admin@lemmyusa.com 152 points 1 year ago (2 children)

I can guarantee you my paycheck won't increase even a single percentage.

[–] satanmat@lemmy.world 106 points 1 year ago (1 children)

Nor will it bring manufacturing jobs back

[–] masterofn001@lemmy.ca 70 points 1 year ago (1 children)

It will destabilize the western markets / economic/ financial systems.

Putin will be pleased.

[–] blindbunny@lemmy.ml 19 points 1 year ago (1 children)
[–] masterofn001@lemmy.ca 11 points 1 year ago* (last edited 1 year ago)

Glad more people are becoming aware of the new Rasputin.

He has a substack, btw.

A couple previous comments I've made about him and the situations. One has his substack link.

https://lemmy.ca/comment/12638901

https://lemmy.ca/comment/12679885

[–] Lucidlethargy@sh.itjust.works 4 points 1 year ago

No, but we're all going to pay for this shit.

I can't tell you how many fucking idiotic Trump supporters voted for him because they thought he'd make things cheaper and better for them...

The hard times are about to really start for Americans. Just about every single reputable economist and specialist warned about this.

Anything can happen, but the chances of anything good happening at this stage are very low. Prepare now for hard times.