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Comments by "Lepi Doptera" (@lepidoptera9337) on "Trump pledges 25% tariffs on Mexico, Canada | The Hill" video.
@Pulikaeshi There are alternatives to Canadian softwood? Are you growing a forest in your back yard by any chance? ;-)
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@Pulikaeshi They will simply sell for the same price, the company importing it will pay the 25% tariff and then they will resell it to you at your local home improvement store for that much more. Fact: in 2016 the federal government collected $35 billion in customs revenue. This year it is collecting approx. $100 billion. The increase began under Trump. By the end of Trump's second term the federal customs revenue might be at $120 or $150 billion and ALL of it comes out of YOUR pocket. It's just a hidden tax on the poor. :-) If you think that Trump caused the government to shrink, then think again. He greatly expanded it in the tariffs area and now the feds are addicted for that money. It's much, much easier to raise than with taxes which people will notice right away. :-)
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They are good for the federal government. Trump is trying to generate approx. $20 billion in additional customs revenue. With his intended savings on government services that will be enough to give out $100 billion or more in corporate tax cuts. It's very, very good for billionaires like Elon Musk. ;-)
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@Argonaut121 Yep. It's like talking to three year old children with the Trumpers.
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@Pulikaeshi Your house needs a new beam and you won't buy it? What are you going to put in instead? Some rolled up newspapers? Oh, wait, you don't have any... you already used them as toilet paper. ;-)
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@Pulikaeshi You are going to get tomatoes, avocados and dimensional lumber for construction from India? You and who else? :-)
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How are you getting your money back by paying more money to the federal government? ;-)
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We will simply rinse and repeat. If you don't learn the first time and you don't learn the second time then you are exercising your right to demonstrate the definition of insanity. ;-)
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Cool story, bro. In reality federal customs revenue was $35 billion before Trump took office in 2017 and now it is close to $100 billion. With Trump's new tariffs it will rise to $120 billion or so. In other words, Trump is taxing Americans with an additional $85 billion. In total that's around $375 in hidden taxes per person per year.
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@duanekelly-fe5bt It's simply a fact that Trump expanded the Fed's customs revenue THREEFOLD and he is about to make if FIVE- or SIXFOLD. :-) That is all money that comes out of YOUR pocket. ;-)
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In 2016 federal customs revenue was $35 billion. This year it's $100 billion. After these new Trump tariffs it will be $120 billion. This has nothing to do with border security. Trump simply needs money for tax cuts to his billionaire friends. By the end of his second term Americans will be paying $500 per year per person in hidden taxes that will benefit exclusively the super-rich. ;-)
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@Pulikaeshi A tariff is not a tax on the producer country. It's a tax on the US buyer. Dude, how much have you been drinking? Trump has already TRIPPLED the tariffs on Americans since 2017 and he is going to raise them FIVEFOLD if he goes through with his plans. Whatever happened to small government here? ;-)
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@jojohns1949 So you can do just about anything that gets you to poverty level. Sound of one hand clapping. ;-)
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Dude, when was the last time you bought something from Canada? And do you really expect for manufacturers who are making things in Mexico to bring the jobs back to the US over 25%? They will simply raise prices by that much and you will be paying. :-)
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@Jay-nq2jl Wise up how? Neither Mexico nor Canada are dumping products into the US. Many products from Mexico are actually made there by American companies for the US market. They will simply pay the tariffs and then hand them down to the US consumer.
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