- cross-posted to:
- globalnews@lemmy.zip
- cross-posted to:
- globalnews@lemmy.zip
Summary
Canada launched an ad campaign in the U.S. denouncing Trump’s tariffs as a “tax on hardworking Americans.”
Billboards in 12 states, including key Republican areas, urge Americans to oppose the tariffs, which could cost households over $1,200 annually.
Polls show most Americans fear economic harm from the tariffs, despite Trump’s claim they are a “tax cut.”
Canada is also preparing retaliatory tariffs while rejecting Trump’s repeated calls to annex Canada as the 51st U.S. state. Officials labeled the annexation rhetoric “absurd.”
The sad thing is this is only further driving inequality. Not only will private businesses struggle and get purchased by private equity, once prices go up, they won’t come back down. When the tariff tantrums eventually end, corporations will have a newly increased margin. We already witnessed that after recovering from covid supply chain constraints.