Thanks to taxes imposed on the United States’ and Chinese goods by governments insisting upon igniting a trade war, U.S. companies shelled out a record amount of money in October. This is actually highly disturbing news, as the stock market continues to fall and the interest rates continue to climb higher.
The trade war cost American companies $6.2 billion just in the month of October and the taxes imposed have done literally nothing to even out the trade imbalance president Donald Trump complained about when he began the “war on goods.” The U.S. trade deficit has hit its highest levels in a decade, while American businesses are stuck paying the bill or passing the cost of the tax onto the consumer.
According to the San Francisco Gate, tariff collections were 104% higher than they were in October of 2017; last year. Taxation is the reason Paris is on fire right now. Humans across the globe are getting tired of their hard earned money being stolen and squandered for political posturing and agenda pushing. This could be a sign that things are about to get just as ugly as they are in Paris. But it could also mean that liberty and freedom could soon become the default state again, rather than enslavement to government.
With a rapidly weakening economy, a stock market plunge, higher taxes, and higher interest rates all hitting Americans at once, will they finally say “enough is enough?”
The Epic Economist put out a video out detailing how all of this came to pass. It’s easy enough to understand, yet most still can’t get past their own preconceived notions and biases to comprehend that this will be the fault of governments and those who continue to look to rulers or masters to solve their problems.
“It is all about taking money from us and transferring it into government pockets. And then, taking money from government pockets, and transferring it into the hands of the elite. It’s a game that’s been going on for generations and its time for the humanity to say that ‘enough is enough’.” -Epic Economist
The cost of the trade war is already causing layoffs, price increases, and food waste. With the stock market plunging all at the same time, the U.S. is in a deep hole of their own making. According to data compiled by Tariffs Hurt the Heartland, a pro-free-trade group, and the research firm The Trade Partnership, since the steel and aluminum tariffs kicked off in May, U.S. firms have been forced to pay $3.1 billion in theft money just to import the metals.