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#TrumpTariffs 📉 Tariffs? That’s So 1900s. The World Has Moved On.
Back in the early 20th century, the U.S. could throw around tariffs like trade weapons because the world depended on our markets.
But today? That playbook is outdated—and dangerous. 🌍
Countries like China, India, and the EU are now massive importers. When the U.S. raises tariffs today:
🔁 Exporters shift to friendlier markets
📦 Supply chains reroute
📈 And worst of all… prices go UP for the average American
💥 Who really pays for tariffs?
Not the foreign countries. You do.
Businesses pass on the extra cost to consumers. That means:
🛒 Higher prices at the store
🚗 More expensive cars and electronics
🏗️ Costlier materials for builders
💡 Inflation across the board
📊 According to the Congressional Budget Office, the 2018–2019 tariffs raised consumer prices and reduced household income by an average of $580 per year.
🔍 A 2019 study by economists from Columbia, Princeton, and the NY Fed found that U.S. consumers bore 100% of the tariff costs through higher prices.
📌 Examples from the Past:
1. Smoot-Hawley Tariff (1930)
→ Triggered a global trade war
→ U.S. exports dropped 61%
→ Made the Great Depression worse
2. Trump’s Steel & Aluminum Tariffs (2018)
→ Cost U.S. manufacturers more
→ Businesses like Harley-Davidson moved operations abroad
→ Jobs were lost in industries relying on steel
3. U.S.-China Trade War (2018–2020)
→ U.S. farmers lost key markets
→ $28B in taxpayer bailouts were needed
→ Meanwhile, prices on everything from appliances to washing machines surged
💡 Bottom Line:
Tariffs don’t “punish other countries or balance trade” or protect jobs like they used to. Instead, they:
❌ Raise your grocery bill
❌ Spike inflation
❌ Isolate the U.S. from global trade networks
Let’s invest in:
✅ Innovation
✅ Partnerships
✅ Competing smart—not walling off
Tariffs are nothing but a political theater. This madness needs to stop.
#Tariffs #Inflation #GlobalTrade #Economy #PolicyFail #MadeYouPay
Back in the early 20th century, the U.S. could throw around tariffs like trade weapons because the world depended on our markets.
But today? That playbook is outdated—and dangerous. 🌍
Countries like China, India, and the EU are now massive importers. When the U.S. raises tariffs today:
🔁 Exporters shift to friendlier markets
📦 Supply chains reroute
📈 And worst of all… prices go UP for the average American
💥 Who really pays for tariffs?
Not the foreign countries. You do.
Businesses pass on the extra cost to consumers. That means:
🛒 Higher prices at the store
🚗 More expensive cars and electronics
🏗️ Costlier materials for builders
💡 Inflation across the board
📊 According to the Congressional Budget Office, the 2018–2019 tariffs raised consumer prices and reduced household income by an average of $580 per year.
🔍 A 2019 study by economists from Columbia, Princeton, and the NY Fed found that U.S. consumers bore 100% of the tariff costs through higher prices.
📌 Examples from the Past:
1. Smoot-Hawley Tariff (1930)
→ Triggered a global trade war
→ U.S. exports dropped 61%
→ Made the Great Depression worse
2. Trump’s Steel & Aluminum Tariffs (2018)
→ Cost U.S. manufacturers more
→ Businesses like Harley-Davidson moved operations abroad
→ Jobs were lost in industries relying on steel
3. U.S.-China Trade War (2018–2020)
→ U.S. farmers lost key markets
→ $28B in taxpayer bailouts were needed
→ Meanwhile, prices on everything from appliances to washing machines surged
💡 Bottom Line:
Tariffs don’t “punish other countries or balance trade” or protect jobs like they used to. Instead, they:
❌ Raise your grocery bill
❌ Spike inflation
❌ Isolate the U.S. from global trade networks
Let’s invest in:
✅ Innovation
✅ Partnerships
✅ Competing smart—not walling off
Tariffs are nothing but a political theater. This madness needs to stop.
#Tariffs #Inflation #GlobalTrade #Economy #PolicyFail #MadeYouPay
🚨🚨 "Ex-Treasury Secretary Sounds the Alarm: U.S. Trade Policy in Freefall!" 🚨🚨
Larry Summers isn’t mincing words—he just declared U.S. trade policy a self-sabotaging disaster 🌍💣. With Trump slapping a 125% tariff on China 🇨🇳 and offering a 10% cut for 75+ nations, Summers warns: "We’re deep in the woods, credibility is crumbling—be very afraid."
His verdict? "Banana republic behavior." Reckless. Chaotic. A financial time bomb 💥.
Is he right? Or is this just tough trade talk? 👇 Drop your thoughts!
#TradeWars #EconomicCrisis #PolicyFail #GlobalMarkets #SummersWarning
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Larry Summers isn’t mincing words—he just declared U.S. trade policy a self-sabotaging disaster 🌍💣. With Trump slapping a 125% tariff on China 🇨🇳 and offering a 10% cut for 75+ nations, Summers warns: "We’re deep in the woods, credibility is crumbling—be very afraid."
His verdict? "Banana republic behavior." Reckless. Chaotic. A financial time bomb 💥.
Is he right? Or is this just tough trade talk? 👇 Drop your thoughts!
#TradeWars #EconomicCrisis #PolicyFail #GlobalMarkets #SummersWarning
$BTC
$ETH
$XRP
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