The congressional budget office and independent economists have said the tax cut could add a trillion dollars to our already red ink ocean. Has the administration come up with a sneaky way to reduce the tax cut’s red ink? Yes, it’s called a tariff war! The administration says any tariff will be absorbed by the companies and little if any will be passed on to the consumer. We know the corporations received about 80% of the cuts and aren’t going to eat the tariffs. They will pass the tariffs taxes on to us.
So consumers, suck it up, and if you manage to keep your job, you will spend more to buy those consumer products you enjoy. The President said the stock market has gone up during his tenure so if it goes down because of tariff wars, it is okay.
Since he believes he is the Supreme Being then the usual words at a graveside service are appropriate. “Trump giveth and Trump taketh away.”