Tariff for Dummies: Guest MINDSETTER™ Clifford

Joe Clifford, GoLocalProv Guest MINDSETTER™

Tariff for Dummies: Guest MINDSETTER™ Clifford

President Donald Trump
A tariff is nothing more than a tax on a product that is imported.

If you buy the product, you pay the tax.

The tax you pay represents income for the government. Trump gave a huge tax cut to the wealthy and to make up for the loss in revenue imposed a tariff (tax) on imported goods from China.

GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLAST

YOU are paying for the tax cut given to the wealthy with the new tax on imported goods.

China was not happy and retaliated by not buying some American grain products which devastated US farmers.

Trump, to save the farm vote, subsidized farmers for their loss with a 9 BILLION dollar payout to farmers.

YOU paid for the farmer's bailout, and Trump followed with another tariff (tax) on Chinese products. China quit playing with Donald, and just announced they would not be importing ANY US farm products.

That leaves farmers out in the cold again.

Will DT subsidize farmers again, which would mean YOU pay for the subsidy AGAIN, or does he sacrifice the farm vote? 

Now what Mr. Genius???

 


Joe Clifford lives in Jamestown.


19 to Watch in 2019 - FULL LIST

Enjoy this post? Share it with others.