President Trump is making good on his promise to use tariffs and predictably liberals are outraged.
The Gateway Pundit reported,
President Trump told reporters on Friday that he plans to impose tariffs on the European Union as his tariffs against Mexico, Canada, and China are set to take effect tomorrow, Saturday.
While signing new executive orders in the Oval Office on Friday evening, President Trump told reporters he will “absolutely” impose tariffs on the European Union.
“Do you want the truthful answer, or should I give you a political answer?” Trump said.
“Absolutely,” he continued. “The European Union has treated us so terribly.”
President Trump set Saturday as his deadline for 25% Tariffs on goods from Mexico and Canada, which he may increase to 50%. President Trump also mentioned the possibility of imposing tariffs on China.
The administration asserts that these tariffs will remain until both neighboring countries take substantial measures to curb the flow of unauthorized migrants and illicit drugs into the United States.
“I’ll be putting the tariff of 25% on Canada and separately 25% on Mexico. We will really have to do that because we have very big deficits with those countries. Those tariffs may or may not rise with time,” Trump said.
“We’ll be announcing the tariffs on Canada and Mexico for a number of reasons. Number one is the people that have poured into our country so horribly and so much. Number two are the drugs, fentanyl and everything else that have come into the country. Number three are the massive subsidies that we’re giving to Canada and to Mexico in the form of deficits.”
White House Press Secretary Karoline Leavitt confirmed earlier on Friday that despite fake news reports that tariffs will not take effect until March, President Trump plans to implement his tariffs on Canada and Mexico on Saturday.
It is hilarious to see liberals believe in supply side economics as long as they can misrepresent the impact that tariffs will have. These same people swear that increasing minimum wage exponentially or raising corporate taxes will not result in consumers paying more. But somehow tariffs, one of the most complex pieces of the international market, will be pushed directly to consumers. This ignores many details, but most notably the fact that consumers to not have to buy foreign goods.
As is laid out in Trump’s Agenda 47,
– America historically imposed tariffs on over 95 percent of all imports, with an average tariff of 37 percent on imports during America’s economic climb between 1816 and 1947.
– For decades, the U.S. government received over 80% of its revenue through tariffs on foreign goods, instead of taxes on Americans.
– However, U.S. tariffs are now among the lowest in the world, making America the most import-pressured country in the world.
