..if you watched the presidential debate, one thing which stood out so starkly was the absence of any expression of Trump's proposed economic policy (policies). That absence contrast against his preferred communication of 'immigrants eating people's pet' reflects his presidency - lacking coherence and thinking on the fly saying whatever sh*t that comes across his mind - not presidential at all.
..the only thing he appears to be very proud of is his tariff policy which he claims he made China paid billions and that the Biden-Harris administration continued to keep them thereafter. Then he also said he made NATO alliance paid for their fair share of defence spending.
..at first I thought he was making the lie that tariffs equate to income to America, but after hearing him speak it occurs to me that he does not understand it. He akins tariffs on China and other countries as money making for USA just like getting EU to pay more for defence spending is - the latter is correct but the former is not. Tariffs are imposed on goods already incoming into USA and paid by American importers- yes, so Americans are paying his tariffs, not China! It only makes imported Chinese goods more pricey, that's all.
What are tariffs and who pays them?
Simply put, tariffs are taxes on merchandise shipped to the U.S. from other countries.
The point is to make things like cars, electronics, clothes and many more products more expensive for overseas manufacturers to ship here so that American-made products are more competitive.
The tariffs are paid by the importers, but those costs are typically spread out and applied to the cost of each product, making them more expensive for people.
Tariffs figure to be a talking point at the debate Tuesday night between Vice President Kamala Harris and former President Donald Trump.
Trump has long advocated for tariffs, particularly during his presidency, arguing that they protect American jobs by cutting our reliance on foreign products, particularly from China.
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Harris, however, is more cautious about tariffs, focusing instead on the impact they have on everyday consumers who will need to pay more for the things they use. She also argues that tariffs can lead to trade wars where other countries impose tariffs on the products we ship to them.
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