Summary
Fox News host Julie Banderas warned that President-elect Donald Trump’s proposed tariffs—25% on products from Mexico and Canada and 10% on those from China—could significantly raise costs for Americans, as many businesses rely on foreign goods.
While some companies are shifting to U.S.-based suppliers or stockpiling goods ahead of the tariffs, Banderas noted that buying American often results in higher prices.
She highlighted that the financial burden would likely fall on consumers, questioning, “Who’s going to pay for that? We are.”
Economists have also warned of inflation risks.
If you don’t buy luxuries but keep buying groceries, what do you think they will do? Just a hint: groceries also have taxes.
so they lose a significant amount of tax revenue and you say its fine because they didnt lose all of the tax revenue? Or are you suggesting they crank the tax on groceries up like nuts and just let the people die when they can’t afford to eat?