Trump's Tariff Proposals Could Soar to Great Depression Levels

Former President Donald Trump’s proposals to impose a universal tariff of 20 percent and an additional tariff on Chinese imports of at least 60 percent would spike the average tariff rate on all imports to highs not seen since the Great Depression.

Sources:

Quote from President Mckinley can be found in the Salem press transcript titled: William McKinley: Last Speech

Proposed Tariffs rates are seven times higher according to our modeling at the tax foundation:

Chart of tariff revenue is from the Council on Foreign Relations

Another source used for the creation of the video was this Tax Foundation article

#trade #tariffs #economy #trump #election #2024elections #donaldtrump #education #taxes #shorts

[ketosandiego]

Well, America decided that we’re gonna have to find out the hard way🤦🏽‍♀️

[mzkify]

Hmmm...Canada just imposed 100% tsrrifs on EV cars from China....

[SaderabinGaming]

Yea this is so true which is so horrifying

[rett]

Your leaving out a lot. America was the richest in proportion that it’s ever been in the 1890’s to the point where they didn’t know what to do with all the money. And keep in mind, that’s before the income tax system.

[Farmer_El]

Let's get even more real. 50+ years of corporate taxes and over regulating businesses drove them to other countries while the US allowed cheap foreign goods to flood American markets causing American manufacturing to shrink dramatically.

[jody]

They shifted all our jobs out of the country im cool shifting some back.