TL;DR

Trump’s recycled tariff talk is all smoke and mirrors, designed to distract from his failures. Tariffs are taxes on Americans, not magical money-makers. Small businesses are paying the price, while Trump boasts about imaginary “deals.”

Story

Trump’s Tariff Tales: A Story of Delusion

Trump’s back with his greatest hits: tariffs. He’s boasting about imaginary “deals,” claiming the US will rake in cash thanks to taxes on imported goods. He’s even dusted off the China, steel, and car tariffs, bragging, “We have 90 deals so far. If you don’t make a deal, we’ll set a price.”

This isn’t new. It’s the same broken record. Just like his claims about the “best healthcare plan” or the “big, beautiful wall,” the tariff talk is all smoke and mirrors.

‣ Tariff: A tax on imported goods.

Remember the trade war with China? That didn’t work out so well. American businesses and consumers paid the price, not China. Now, he’s threatening to “set a price” – which translates to more taxes on everyday goods for Americans.

This isn’t about “making deals” or “being tough on China.” It’s about creating a distraction from his failures and appealing to his base. The reality is, tariffs hurt everyone except maybe a few select industries.

And the “90 deals?” Please. That number changes every time he opens his mouth. It’s as reliable as a weather forecast in a hurricane. Remember when he promised Mexico would pay for the wall? Yeah, good times.

Meanwhile, small businesses are struggling, and some have even gone under thanks to these tariffs. John, a small business owner in Pennsylvania, lost his livelihood overnight thanks to tariffs on Chinese parts he needed for his musical instrument accessories. “My business is dead,” he lamented.

History tells us these protectionist fantasies always end badly. Think Smoot-Hawley during the Great Depression. This time won’t be different.

‣ Smoot-Hawley Tariff Act: A 1930 law that raised tariffs on thousands of imported goods, often cited as worsening the Great Depression.

Trump’s economic pronouncements are a word salad of nonsense, spouted by someone who has no grasp of how global trade works. It’s like listening to a toddler explain quantum physics – amusing, but ultimately meaningless.

He bankrupted casinos, for crying out loud. Now he’s playing with the entire US economy like it’s another one of his failing businesses.

Advice

Don’t fall for the tariff trap. It’s a tax on you, not a magic bullet for the economy. History repeats itself, and this trade war will likely end as badly as Smoot-Hawley.

Source

https://www.reddit.com/r/stocks/comments/1k6bagr/tariffs_are_not_going_away_anytime_soon/