Fact Check on Tariffs
On September 9, 2024 on this platform we published an article entitled What are Tariffs. Tariffs is actually a trade agreement between 22 countries which include the US. Tariffs allow participating countries to impose taxes on goods imported into their countries.
The fact is that Trump’s tariff plan cost the US $1.4 billion per month according to economists Mary Amiti, J. Redding , and David Weinstein. These declines occurred during Trump’s first year in office as president. The findings of these economists advise that the taxpayers in this country are paying more for goods imported into this country because of Trump’s Tariff actions, he (Trump) imposed larger taxes than the Trade Agreement call for It should be noted that we (the Taxpayers) are to this day still paying more for goods. Trump tariff increases are directed at China.
During the debate between Trump & Vice President Harris, Trump’s on Tuesday September 10, 2024 said that if he’s elected president again, he will add another 20% tariff on China. These increases on tariffs do not affect major manufacturing companies in this country but instead companies will make more profits while taxpayers pay even more for goods and services.
These are the facts and they can be fact checked by visiting the American Action Forum as well as the Council on Foreign Relations. Don’t be fooled by the lies that Trump continues to tell. Please vote in November …..
Marvin Dixon/Founcer
vmgreview.com
VMG Review 