What are Tariffs?
Tariffs is actually a trade agreement between 22 countries that includes the United States. The tariff agreement allows the participating countries to generate revenue by taxing imported goods into their nations.
Donalfd Trump continuously talks about how his use of tariffs against China has produced Billions of Dollars for the US economy, when in fact Trump’s put in place section 301 of the trade act of 1974 which according to a report done by the Council on Foreign Relations tells of a different (negative) outcome of section 301 of the trade act initiated by the Trump administration.
Several studies have examined the cost of the Section 301 tariffs on the US economy, economists Mary Amiti, Stephen J. Redding, and David Weinstein showed that by the end of the first year that the tariffs were in place, U.S real income declined by $1.4 billion per month. Trade analysts Tori Smith and Tom Lee from the American Action Forum found that the U.S. consumers largely bore the brunt of the tariffs. These analysts concluded that “Trump doesn’t get the basics. He (Trump) thinks his tariffs are paid for by China. Many firms that were interviewed during this study talked about how these tariffs have led to decrease in wages and employment as well as less investment.
This man (Trump) Trade Policies are like his failed businesses!, not good for this country. The studies listed in this narrative present a true account of Trump’s false claims about his tariffs against China, and that U.S. citizens are paying more for products because of the 301 trade act imposed by Trump.
Let’s vote, get our family, friends, neighbors and others to vote in the November Presidential elections to keep Trump out of the OVAL OFFICE.
Marvin Dixon/Founder
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