Re:US Administration announces 34% tariffs on China – 20% on EU
by roflyear on Saturday April 05, 2025 @12:47PM
(#43594773)
America is a massive consumer, so it will likely impact other countries, too.
I've been seeing your perspective a lot lately online - that this will somehow cancel income tax. Where is that coming from? I haven't heard a single thing about that from the administration. Where is the basis?
And as long as taxes on labour exist, I don't think anybody can complain about other types of taxes. Any negative economic impact that tariffs or any other taxes have are doubly worse from taxes on labour.