Trump lies when he says other nations will pay for them. He lies when he says companies will pay for them. Consumers will pay, so it becomes a tax. Be bold, big Don and for once be honest. It is a tax hike. And it could slow down the economy and result in a massive loss of jobs, and major inflation. Very dumb policy. Mr. Trump has contended that his tariffs would lower inflation, because they would increase manufacturing and the productive capacity of the United States. But most economists say that tariffs of the size he is proposing would increase consumer prices and add to inflation. A wave of frustration over prolonged inflation helped power Trump to victory in November, and a majority of respondents -- 58% -- said inflation would be a major factor in deciding their vote in future elections. But just 32% approved of the job Trump was doing on inflation. Views of the economy by households deteriorated this month to the lowest level in over a year, according to a widely followed survey by the University of Michigan. "He's just rushing a little bit. I think the whole thing with the DOGE was being rushed a little bit," said Gerald Dunn, a Republican 66-year-old martial arts instructor from Staatsburg, in New York State's Hudson Valley. "I like what he is doing but I think a lot of what he says is just BS. When he starts talking about annexing Greenland and annexing Canada, you know that's just smoke." "I struggle with things like picking a fight with Canada. Why are we picking a fight with Canada?" said Todd Wellman, a 49-year-old Republican from Indianapolis, who said he wrote in now-Vice President JD Vance as his choice for president in November. https://www.reuters.com/world/us/trump-gets-middling-grades-americans-top-issues-reutersipsos-poll-finds-2025-02-23/ Trump does not know how the stock market works, but I think you can go one step further and say he does not know how the economy works, and on a more important level he knows nothing anything about globalization and all the intricacies involved in manufacturing internationally. There's a reason why that's taking place, there's a reason why manufacturing has shifted overseas. It didn't happen in a vacuum and that manufacturing will not return to the US, not during our lifetime. It is just a slogan and a concept that he used to very craftily deceive millions of people into voting for him. It would appear at this point that Trump's seesaw approach to tariffs is having a dire effect on the US economy, thousands of jobs are being lost every day, the stock market is crashing (and believe me that crash has only just begun) and many countries are re-thinking their relationships with the US, realizing that the US is not the dependable ally they thought it was. So where does that leave America in the grand scheme of things, and how badly could Trump's policies come back and bite him on his enormous butt? In the minds of many of us Trump is grossly overestimating the importance of the US and the dependence of other nations on the US. Granted the US economy is still huge, but it's not immune to damage, it's not immune to punishment by other nations, it could start shrinking, and it's not immune to crashing.
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