{"id":34828,"date":"2024-12-08T21:01:51","date_gmt":"2024-12-09T04:01:51","guid":{"rendered":"https:\/\/www.counterchange.net\/blog\/?p=34828"},"modified":"2024-12-08T21:01:51","modified_gmt":"2024-12-09T04:01:51","slug":"the-trump-tax","status":"publish","type":"post","link":"https:\/\/www.counterchange.net\/blog\/2024\/12\/the-trump-tax\/","title":{"rendered":"The Trump Tax!"},"content":{"rendered":"

President-elect D.J. Trump has vowed to impose tariffs on goods imported from Mexico and Canada of 25% with an additional 10% on China.\u00a0 These are our top 3 trading partners<\/a>.\u00a0 The U.S. has imported goods valued at $1.132 trillion from these 3 countries.\u00a0 A back-of-the-envelope calculation is that would amount to $319.3 billion in revenue for the U.S government<\/strong> on these imported goods. You can see why Don loves tariffs, because he can tax us<\/strong> and point to the “real” enemy, the other countries.\u00a0 He has even declared<\/a> “tariff” to be his “favorite word” and “the most beautiful word in the dictionary.”<\/p>\n

Most economists agree, most of these costs would be passed through to the consumer.<\/strong>\u00a0 This is especially true for perishable food products, with low profit margins too low to absorb price increases, that make of a large portion of the Mexican imports.<\/p>\n

\"The<\/a>
Say good-bye to avocado toast!<\/figcaption><\/figure>\n

If Don applies these tariffs on Day One<\/strong><\/em>, the first impact will be guacamole served at most Super Bowl parties, made with avocados from Mexico<\/a> ($3 billion, 946,503 metric tons, in 2022).<\/p>\n

Don keeps changing his plans, but PIIE calculated<\/a> “imposing a 20 percent across-the-board tariff combined with a 60 percent tariff on China would cost a typical US household in the middle of the income distribution more than $2,600 a year.<\/strong>”<\/p>\n

Thanks Donald for taxing us more!\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

President-elect D.J. Trump has vowed to impose tariffs on goods imported from Mexico and Canada of 25% with an additional 10% on China.\u00a0 These are our top 3 trading partners.\u00a0 The U.S. has imported goods valued at $1.132 trillion from these 3 countries.\u00a0 A back-of-the-envelope calculation is that would amount to $319.3 billion in revenue … Continue reading “The Trump Tax!”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,4],"tags":[44],"class_list":["post-34828","post","type-post","status-publish","format-standard","hentry","category-business","category-government","tag-economics"],"_links":{"self":[{"href":"https:\/\/www.counterchange.net\/blog\/wp-json\/wp\/v2\/posts\/34828"}],"collection":[{"href":"https:\/\/www.counterchange.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.counterchange.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.counterchange.net\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.counterchange.net\/blog\/wp-json\/wp\/v2\/comments?post=34828"}],"version-history":[{"count":12,"href":"https:\/\/www.counterchange.net\/blog\/wp-json\/wp\/v2\/posts\/34828\/revisions"}],"predecessor-version":[{"id":34841,"href":"https:\/\/www.counterchange.net\/blog\/wp-json\/wp\/v2\/posts\/34828\/revisions\/34841"}],"wp:attachment":[{"href":"https:\/\/www.counterchange.net\/blog\/wp-json\/wp\/v2\/media?parent=34828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.counterchange.net\/blog\/wp-json\/wp\/v2\/categories?post=34828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.counterchange.net\/blog\/wp-json\/wp\/v2\/tags?post=34828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}