A woman in the crowd on the airport tarmac shoots a mobile phone picture of U.S. President Donald Trump at Cincinnati Municipal Lunken Airport as he arrives for an evening campaign rally in Cincinnati, Ohio, U.S., October 12, 2018. REUTERS/Jonathan Ernst
Trump’s trade talks with China are failing, so he announced a new 10% tax (tariff) on iPhones that will hit US consumers by Christmas.
Trump tweeted:
The additional 10% tax that Trump is imposing on US consumers will hit the iPhone. As Americans get ready to Christmas shop, the cost of an iPhone will go up by 10% because Donald Trump still doesn’t understand that China does not pay his tariffs. The Trump tariffs are a tax on US consumers.
The stock market dropped a couple of hundred points after Trump’s tweets. The tariffs have failed, so Trump has responded by doubling down and imposing more tariffs. The problem is that Trump’s tariffs are hitting the economy faster than the Fed rate cut.
Trump’s answer to his bad trade policy is even more bad trade policy. The president is tanking the economy, and if he imposes these tariffs, he could be running for reelection in the middle of a recession.
For more discussion about this story join our Rachel Maddow and MSNBC group.
Follow Jason Easley on Facebook
Jimmy Carter was not only the longest living ex-president in history, but he lived so…
Former President Barack Obama and First Lady Michelle Obama honored Jimmy Carter in the most…
Trump got House Republicans to not use reconciliation to cut Social Security. The problem is…
President-elect Trump and Speaker Mike Johnson have agreed to a deal that would fund the…
Donald Trump demanded that the debt limit be raised as part of the government funding…
Donald Trump and JD Vance are blaming President Biden for the havoc caused by Elon…
This website uses cookies.
