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As stock markets around the world continue to fall amid fear over his attempt to blow up the world’s trading system, Donald Trump says that the massive import tax he imposes on Americans will achieve a huge victory for his Republican Party in the next year’s election.
Trump spoke to a group of GOP officials and the in-depth Republican donors at the National Republican Congress Committee’s annual fundraising gala in Washington, and Trump said that the stage is now “a monumental victory for Republicans in the mid-term, according to his policy, which will take the largest mainstream economy.
“I really think we helped a lot through the rates situation. It’s great, ‘he said.
The president, who carries a tuxedo at the Black Tie fundraiser held in the National Building Museum, said he is “the only one” who has the smart people to weapon import taxes as a way to bully manufacturers to re -establish and re -establish the supply chain integration around the world.
Most mainstream experts have exposed his plan to use tariffs across the board, which is tax paid by US importers and transferred to consumers in the form of higher prices, which they condemn as unnecessary and inflationary.
Share markets have fallen downs since it announced a ten percent basin charge on the import of all countries, and even higher rates he falsely describes as “reciprocal”, based on an unscientific formula, derived from trade deficiency data, as well as retaliation rates he will take on Midnight on Tuesday.
But Trump maintains that he is correct and that everyone is wrong about the dangers of rates.
“I know what the hell I do. I know what I’m doing, and you know what I’m doing too, ‘he said.
“I am the only one who would have done the rates, because everyone was afraid. They were afraid to be criticized, because the globalists will go behind you, ‘he added.
Trump claims that other countries pay the rates, including the tremendous 104 percent levy on Chinese goods, and said the rates are a way to turn the tables on partners who abused the US
‘Countries now pay rates, China pays a 104 percent tariff … Many countries have ripped us off from left and right, but now it is our turn to jerk. It’s fine, ‘he said.
In fact, Trump’s claim is nowhere based on, because tariffs are import taxes charged by the US government to importers as a condition of allowing imports in the country.
The US has no power to tax other governments and there is no mechanism by which other governments can be forced to pay taxes as a condition that US importers are allowed to import foreign goods.
Yet the president detained the lie as he addressed the good -hacking crowd and told them that China would now “pay a large number to our Treasury” because he threatened to impose “a great tax” on the pharmaceutical import of Americans.
“Don’t let them keep going to tell you that it’s a tax on our people. I hate it, ‘he said.
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