Trump Claims High Tariffs Will Bring Companies to US

Former US President and #Republican presidential nominee Donald #Trump says strong #tariffs will help fuel economic growth. #Bloomberg #News Editor-in-Chief John Micklethwait speaks to Trump at an event with the Economic Club of #Chicago #politics #worldnews

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[rickypickles]

problem with fixing our country is people think we can do it without suffering. the damage done by these politicians has been so devastating that we will most definitely have to go through alot of shit and collapse to fix our society and economy

[jeremymontoya-vn]

There is only one way to look at a tariff. It's a sales tax.

[waitwhat-qgbc]

Tariffs = Price increases for normal American people.
He's either really ignorant and naive or he just wants to transfer even more money from the average working man to the uber rich.

[FoodieSF]

Manufacturer here. Even if we manufacture in the US, the raw materials mostly comes from overseas, mainly China. Unless he doesn't tax the raw ingredients, it will actually be more expensive to manufacture the products here

[robcooper]

So charging other companies more will encourage them to spend more money to build a factory on land that is more expensive, with labor that is more expensive and materials that are more expensive? I don’t think so

[chrisfernandez]

What he meant to say was “the higher the tariffs the more I screw the American people” 🤦🏻‍♂️

[Cheetahpops]

He truly is a masterful con man to the uneducated

[marcSGordon]

Oh yeah, I mean if anybody knows anything about building and construction there’s never any delays or never any problems building. It’s remarkable how this guy had multiple bankruptcy.

[GeechieDan-uuwm]

The corporations/companies don’t pay the tariff- they just pass the increased cost on to the consumers.

[chion]

its a slap in everyday people's face, tariff are PAID by US consumers, not by the country that's importing the goods to the US. its just another government tax.

[FennaVa]

This Trump2.0 Inflation will hit a lot harder than usual, it directly affects people's cost of living & price of daily needs . people immediately feel the impact of. It's not surprising negative market sentiment is so high now.

[smileyaliens]

He's an idiot. No one is moving their company and put it in the USA.

[DonaldFrank-pe]

Hey I want to start investing but don't know where to begin. Any advice or contacts for help 🙏

[LND.SHRK]

The tariffs will get charged back to us...

[caveslug-tk]

"They'll come right away" Literally child like understanding of how the world works. Manufacturing doesn't spring up like mushrooms over night, it takes years.

[berndhofmann]

As a German international management consultant i can only comment, "we will see. I'm not convinced.

[mega_ferret]

We pay the tarrifs. You have to build the manufacturing facilities first. This is stupidity beyond belief.

[mr.heisenberg]

If you want companies to come back to the United States, you need to build factories first which can take years.

[JoyceHo-qz]

We are paying so much taxes and these rich people have been plundering our people's hard-earned money. Something wrong with our system.

[Kuya_Gil]

It's going to Backfire, Mr. President.