How the Trump administration is making rich people richer and poor people pay more.

[txdot-guy]

Originally Posted by The_Waco_Kid

doesn't he? tell me does fair trade help US businesses and the people they employ? so tell me again how that's bad for the middle class?

Tariffs are NOT “free trade”.

Tariffs are not considered free trade; they are a form of trade barrier that increases the cost of imported goods to protect domestic industries. Reducing or eliminating tariffs allows for more competition and lower prices for consumers, while tariffs lead to higher prices and limited choices.

[Why_Yes_I_Do]

Originally Posted by txdot-guy

Through the use of Tariffs on imports the Trump administration has effectively adopted a new 20% (average) tax on all imported goods. Which effectively raises the cost of goods for consumers across the US...

Except, none of that is actually true according to the San Francisco Fed.

After reviewing 150 years of tariffs in the US, UK and France, tariffs actually reduce inflation. It has historically raised unemployment slightly, which explains why Trump is so laser focused on investing in more employment at home, by having companies build here.

It would also explain why the IRS is "incentivizing" companies by reducing the depreciation cycle to the current year instead of amortizing it over several years.

You can read about it at their website if you are so inclined

What Is a Tariff Shock? Insights from 150 years of Tariff Policy

Régis Barnichon
Federal Reserve Bank of San Francisco and CEPR

Aayush Singh
Federal Reserve Bank of San Francisco
November 2025 ...

Maybe you've already read about "actual reality" at MS NOW. <--- that's some funny chite right there...