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Trump’s long-threatened tariffs against Canada and Mexico are now in effect, kicking off trade war (apnews.com)

submitted 5 months ago by cuban_Pete@lemy.lol to c/world@quokk.au

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WASHINGTON (AP) — President Donald Trump’s long-threatened tariffs against Canada and Mexico finally went into effect Tuesday, putting global markets on edge and setting up costly retaliations by the United States’ North American allies.

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[–] adarza@lemmy.ca 12 points 5 months ago (1 children)

now Americans are basically getting hit with a hidden tax

most the dumfuks that voted for the fucktard in a diaper still don't understand this.

[–] ramble81@lemm.ee 1 points 5 months ago

My question has always been “where the hell is that extra money gonna go?” It’s the government responsible for collecting the tariffs, which means it goes straight into their bottom line.

Short answer is it’s also going to be funneled straight to the rich via the tax breaks and subsidies.