
Torch-bearing white supremacists in Charlottesville, Aug. 11, 2017, cited President Trump as the inspiration for their “Unite the Right” rally (Photo: Edu Bayer/The New York Times)
On November 25, Trump said that as soon as he’s inaugurated on January 20, 2025 he will institute a new 25% tariff on all goods coming into the U.S. from Mexico and Canada, plus an additional 10% tariff on goods from China.
So look out. Your cost of living is about to get a huge increase.
Trump is either willfully ignorant about how tariffs work, or is lying to Americans about it by repeatedly asserting that other countries will pay the tariffs, and not Americans.
Economists and tax experts all say that’s completely wrong.