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It’s a well-documented proven fact that Donald Trump has satisfied himself and plenty of of his supporters that tariffs are a fantasy fix-it for the economic system. Trump doesn’t perceive that tariffs aren’t paid by overseas international locations however by American customers.
Trump has not been deterred by the fact that his first wave of tariffs is pushing the nation nearer to a recession, and he accelerated his marketing campaign of American financial destruction by saying that he’ll quickly goal pharmaceuticals and drive the value for Individuals up even larger.
Whereas talking within the Oval Workplace, Trump mentioned:
It is also thrilling due to what’s taking place with different facets. We’re gonna be doing tariffs on prescription drugs with a purpose to convey our pharmaceutical trade again. We do not make something right here for, by way of medication, medical medication, various kinds of medication that you just want. Medicines in different international locations, largely made in China.
Numerous it made in Eire. Eire was very good. We love Eire. However, we’re gonna have that, we’re gonna have lumber. We’re gonna unlock a few of our land, and you’ll meet a variety of different requirements like fireplace cuts. If Los Angeles had fireplace cuts, which they did not have, that is a, a niche of half a soccer discipline between areas, you would not have had the fires, they’d’ve been contained.
However you have got fireplace cuts. And by the way in which, you promote that wooden for some huge cash, a variety of, lot of revenue.
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The massive information was that Trump introduced that he’s placing a 25% tariff on all cars not made in the US, which is just about each car that’s produced.
