Mr. Trump idea of 10 to 20% general tariffs

VitaMan's Avatar
As part of his efforts to win the election, Mr. Trump floated the idea of tariffs to replace much of the income tax. Now his idea is to impose a 10 to 20% general tariff on imported goods.


The government needs to be funded. This is Trumps way of shifting the burden. It is similar to what cities have done to pay for their sports stadiums.


Hopefully someone will be able to have Mr. Trump read up on the Smoot Hawley tariff legislation of 1930, so he can see what happened after that law was passed. I am not sure Congress is strong enough to stop him on their own.
... I hope you realise that a 1930s tariff legislation would
surely be DIFFERENT from a 2025 tariff legislation.

#### Salty
VitaMan's Avatar
Just wait !
txdot-guy's Avatar
Every single dumbass who thinks tariffs are a good idea isn’t prepared to find out what an economic war actually looks like.

If we put a twenty percent tax on every single import what is going to stop every other country from putting a thirty percent tax on every single export we have.

Other countries will simply stop purchasing our oil, farm exports, cars, etc. etc.

Tariffs are a two way street.
VitaMan's Avatar
You just described what happened in the 1930s.

But Trumps tariffs are going to be different ? How...a tariff is a tariff.