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Joined: Dec 2000
Posts: 12,225 Likes: 54
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Top 10 Poster
Joined: Dec 2000
Posts: 12,225 Likes: 54 |
https://www.cbc.ca/news/politics/trump-global-tariffs-canada-1.7484790Good article to read...a few minutes....and summed up below... It goes beyond the bluster and Trump's policy of approach aggressively and brandish wildly And tag the site as credible news..not fake The focus of the U.S. government is dealing with its yearly deficit in federal spending, Paterson said. According to the U.S. Treasury Department, the federal government ran a $1.83 trillion US deficit in the 2024 fiscal year. There are three things the U.S. government is doing that affect the deficit, Paterson added. The first is a major budget resolution that calls for trillions of dollars in spending and tax cuts, which is "something that must not increase that deficit further while keeping tax levels and competitiveness low," Paterson said. The other two are measures to help make the spending and tax cuts happen without growing the deficit, including slashing government spending through Elon Musk's Department of Government Efficiency and tariffs, which are meant to be a new revenue source and attract investment into the United States. Paterson said the American plan is to impose tariffs by sector across countries all around the world on April 2. From there, the countries that get along with the U.S. the best will be "first in line" to adjust or mitigate the tariffs. Will it work???? We have to wait
If writing ever becomes work I think I'm going to have to stop
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