this post was submitted on 04 Mar 2025
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Trump’s long-threatened tariffs against Canada and Mexico are now in effect, kicking off trade war (apnews.com)
submitted 9 hours ago by [email protected] to c/[email protected]
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WASHINGTON (AP) — President Donald Trump’s long-threatened tariffs against Canada and Mexico finally went into effect Tuesday, putting global markets on edge and setting up costly retaliations by the United States’ North American allies.

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[–] [email protected] 18 points 9 hours ago (1 children)

Trade wars never really end, they just keep getting worse. Slapping tariffs on allies like Canada and Mexico is just asking for a backlash, and all it really does is make everything more expensive for regular people. Inflation’s already been rough, and now Americans are basically getting hit with a hidden tax. Meanwhile, businesses and other countries are watching this chaos and probably making plans to rely on the U.S. less. Everyone loses from this stupidity.

[–] [email protected] 12 points 9 hours ago (1 children)

now Americans are basically getting hit with a hidden tax

most the dumfuks that voted for the fucktard in a diaper still don't understand this.

[–] [email protected] 1 points 1 hour ago

My question has always been “where the hell is that extra money gonna go?” It’s the government responsible for collecting the tariffs, which means it goes straight into their bottom line.

Short answer is it’s also going to be funneled straight to the rich via the tax breaks and subsidies.