If you listen to the now fully and thoroughly discredited Mainstream Media and Democrat know nothing prognosticators and American Marxist Globalists, they will tell you that American tariffs threatened by incoming president elect D.J. Trump will drive inflation up! Be afraid!
"A tariff is a tax imposed by the government of a country or by a supranational union on imports or exports of goods." A tariff is a tool of negotiation.
I am going to explain it all in simple financial terms to you below why in the short and the long-term American tariff threats in particular will produce a more even and advantageous to Americas economic situation and in particular the SECURING OF OUR COUNTRY'S BORDERS.
America's GDP approximately: $33.981 trillion
Canada's GDP approximately US $ 2.117 trillion
Mexico's approximate GDP: US $1.45 trillion
China's approximate GDP: US $18 trillion
Russia's approximate GDP: US $2.3 trillion
Now do you understand tariffs in today's world reality? From the bottom to the top every country on planet earth wants and really needs to do good business with America. And in addition, every country on planet earth needs a strong America. If you desire peace, freedom and prosperity that is.
Now highly educated Ivy League economists and politically oriented corporate media talking heads will explain that these kinds of threats about tariffs will destroy America and its economy, and they are absolutely incorrect. They know nothing in the real world about negotiations, nothing about creating credible leverage, and they know nothing about business. They are academics and they are paid talking heads that live in another intellectualized politicized reality.
Now, wasn't that simple to understand?
Please feel free to use this simple explanation and information during Thanksgiving dinner conversation with your family and friends as you discuss the 2024 presidential election :)
Are you paying attention yet America? JGL 11/27/24
"A tariff is a tool of negotiation." 100% correct.
I just explained this to a neighbor. Many countries, while exporting plenty to the USA, have closed markets and will not allow our goods/services in. Trump will use the threat of tariffs to open these markets our goods (e.g. China). Or he will use the threat of tariffs to get them to do something they should be doing but aren't - like allowing migrants to transit through (e.g. Mexico). And even if they do get put in place, and they might cause some pain for us, but their is an end-goal of re-shoring jobs / industries back to the US which at least will pay off over time.