- 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.”
I mean, people already know. A tariff is literally a tax that artificially bouys one domestic industry or class of product, at the expense of all others who participate in the market.
I’ve never seen or heard of any point in history where the apparent “desired effect” is achieved and all manufacturing production is magically reshored resulting in prosperity. The actual result is Joe Consumer having fewer choices or buying a Chevy he didn’t want vs. a Toyota he did want.
… and while we are at it, what is an “American” car these days? Any company that was started or Headquartered here? Anything that undergoes final assembly here? The Ford I used to drive had parts and assemblies from Japan, Turkey, South Korea, Canada, Mexico, and probably China.