Donald Trump is threatening the whole world with tariffs now, so that he can give his rich buddies another tax break. You’ll pay more for everything, but that’s OK – that’s what you voted for, and he told you ahead of time he was going to do this.
A group of U.S. Senate Democrats, led by Tim Kaine, D-Va., has introduced legislation, titled the Protecting Americans from Tax Hikes on Imported Goods Act, by limiting Trump’s ability to use a 1977 law to enact these dumb tariffs.
It has no chance of passing even a Senate committee, but the idea is sound.
ICYMI
- Text of the Protecting Americans from Tax Hikes on Imported Goods Act is available here.
“Virginians want lower, not higher, costs, but President Trump plans to impose broad-based tariffs, which would raise the price of everyday goods and hurt every American. That’s why I’m joining my colleagues in introducing this legislation to make it a lot harder for the President to impose sweeping tariffs, by prohibiting the use of the International Emergency Economic Powers Act for that kind of action,” Kaine said in a statement issued by his office on Wednesday.
The bill would clarify that the IEEPA could not be used to place tariffs or tariff-rate quotas on imported goods, while preserving the law’s existing, targeted provisions that allow the president to address unfair trade practices or impose sanctions in the interest of national security.
For emphasis: this bill from the Dems has no chance of passing; Trump has Republicans by the p—y on this and everything else.
Which is bad news, because we’re seeing evidence of suppliers already increasing prices for goods in the auto and auto-parts sectors, and we can expect increases in the cost of gas and natural gas – we get a quarter of what we use from Canada – and food.
We get 63 percent of our vegetables and 47 percent of our fruit from Mexico.
Get ready to pay 21 percent more for those basic things going forward.
Again, it’s what you voted for.
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Chris Graham
