He's going to increase tariffs to "punish" China. Which of course will make the stuff we all buy cost more. But that's not the same as inflation, according to our learned Reichwing economists here. **eyeroll**
MAGAS are too stupid to know that the country that exports goods to the USA do not pay the tariffs they pass that cost on to the consumer,
so a 100% tariff on Chinese goods will increase the cost of goods here by a lot.
then add on a 15 or 20% tariff on all other imports and it goes up even more.
and this will allow US manufactures to increase their prices of goods increasing their cost to the American people.
the right is crying drill baby drill and not saying a word on how Trump with his inaction on the Saudi oil price war almost totally destroyed the US oil industry.
the US oil drillers and producers went to Trump when the Saudis first started their oil price war and asked him to step in and help stop it he did NOTHING.
then AFTER over 100 US oil drilling and producing companies went bankrupt and most out of business for GOOD he finally went to the Saudis and told them to cut their production and RAISE prices or he was going to stop all their military aid we give them and they did.
they cry that we were Energy independent under Trump well are you energy independent when you still have to import about 10 MBPD of oil for your gas consumption?
how are you energy independent when you have to import electric from Canada for several northern US states?
we were NEVER energy independent that was another Trump lie.
we went from being a net importer of energy to a net exporter of energy under Trump and BACK to a net importer of energy under Trump.
US oil production ONLY hit a high of 13 MBPD production for one month under Trump it was mostly in the high 11 to low to mid 12 MBPD under Trump and went as low as 9.7 MBPD .
it was about 9.9 MBPD when Biden took over and has been over 13 MBPD except one month when it was still in the high 12 MBPD for over a year now.
I don't know how they expect Trump to drill baby drill when a lot of the drilling rigs were dismantled and taken apart and sold off for scrap , I would imagine that they will have to wait for more to be made.
YES Trump almost let the US oil industry be distorted,
Have a nice day