Trump and his supporters do not care even if it hurts them. It is all about hurting people they do not like.
kokolowlander
joined 3 months ago
TIL About the Smoot-Hawley Act, Which was the 20% Across the Board Tariff That Deepened the Great Depression and Resulted in the Largest Senate Seat Loss in History
TIL About the Smoot-Hawley Act, Which was the 20% Across the Board Tariff That Deepened the Great Depression and Resulted in the Largest Senate Seat Loss in History
Tariff is a consumption tax. The poorest spends most of their income on consumption like groceries, clothing, car parts, etc. The price of all of that is going up.
Next stockmarket wipeout reduces wealth of middle class the most, who in turn reduces spending on services that employee working class people.
Poorest always gets hit the hardest in any negative economic event because they are poor.
The New Video of Federal Agents Ambushing a Student and Disappearing With Her Should Chill You to Your Core
Not sure how relevant this is to buy European.
But with that said, every gov't should. 3% is not going to deter tourism, and gov't need that money for public service like law enforcement.