Trump Tariff will Kill the Economy

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Trump throws temper tantrum at Walmart after his tariffs cause price hikes

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In its quarterly earnings call on Thursday, Walmart announced that the major retailer would be raising prices at its stores due to the high tariffs on imports.

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LOL!!! I live in a tourist trap. Things will be just fine without the Kanucks.

Sure who needs millions of dollars in tourism and state taxes
Am sure all the hotels stores restaurants don't care if they lose money

[Mako]

The US is grappling with a deepening tourism crisis as tensions with Canada

LOL!!! I live in a tourist trap. Things will be just fine without the Kanucks.

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The US is grappling with a deepening tourism crisis as tensions with Canada—fueled by new tariffs, political rhetoric, and heightened border scrutiny—have triggered a dramatic collapse in Canadian travel. Flights have been slashed, road crossings have declined sharply, and future bookings have plummeted, resulting in millions of dollars in lost tourism revenue. Once-reliable streams of Canadian visitors, who traditionally account for the largest share of international arrivals, are now drying up amid fears of detainment, device inspections, and broader disapproval of U.S. policies. These disruptions are severely impacting key tourism economies, especially in states like California and Minnesota, compounding the country’s border woes.
The US is experiencing a significant decline in Canadian tourism as geopolitical tensions, new tariffs, heightened border scrutiny, and growing fears about deportation and device inspections at ports of entry deter travelers. This growing rift between the U.S. and its northern neighbor is manifesting in severe economic repercussions, particularly in border states and tourism-dependent regions like California. With airlines slashing flights, bookings collapsing, and long-time visitors canceling travel, the impact on state and municipal economies is becoming increasingly dire

[Copier Addict]

Trump's new tariff threats: 'There are no deals'

And the Big Orange Imbecile continues to tell his low information supporters that other countries pay the tariffs.

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Trump's new tariff threats: 'There are no deals'

[Copier Addict]

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Hahahahaha. If you believe trumpy beat China, you truly have Maga brain.

[Mako]

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Yep Trump did that
Mexico Drops Hefty New Tourist Tax After Backlash—What This Means for Travelers
Melissa Copelton
Mon, May 12, 2025 at 3:58 PM EDT
1 min read

Bad news: If you’re traveling to Mexico on a cruise ship, you’re going to incur an additional cost. Good news: The payment won’t be as steep as originally planned.

In an attempt to generate revenue, the Mexican government initially planned to impose a $42 immigration fee on each cruise ship passenger, regardless of whether or not the individual disembarked from the ship.

After significant backlash from the cruise ship industry, the Mexican government has reached a compromise of $5 per passenger beginning on July 1 of this year. This fee will increase to $10 per passenger from August 2026 to July 2027. Thereafter, it will rise to $15 per passenger until August 2028, when the fee will be $21 per passenger. Travelers will be responsible for these fees.

[Copier Addict]

If there wasn't enough proof of trumpy's declining intellect, here's another case.
He claims to have invented the word "equalisation"! What an absolute imbecile.

https://www.al.com/politics/2025/05/donald-trump-claims-he-invented-the-best-word-its-been-around-since-1599.html

[Copier Addict]

Imagine being dumb enough to believe companies just eat taxes on the money they make without passing it along to the customers. Liberal logic. lol!!!!!!

Oh brother. I wasted a perfectly good explanation. Maga brain is real.

[Copier Addict]

You apparently know little to nothing about corporate tax structure in the US. Corporations don't pay withholding tax because they do not earn a salary, wages or tips. The government does not want to wait until the end of the year to get revenue from corporations. Instead corporations use the Quarterly Estimate method. During the first calendar quarter corporate accountants estimate what the will have in profits for the year and compute the taxes that will be owed. At the end of the first quarter they compute 25% of the estimated annual taxes and submit that to the government. The process is repeated each calendar quarter with adjustments being made to previous quarter(s) for any increase or decrease. So corporations know well in advance the taxes to be paid, basically the same as for tariffs.

I was simplifying it so even a Maga brain could understand it. Of course the actual tax structure is more complicated. But my explanation give the foggy brained an idea of how it works.

[slimslob]

Originally posted by Copier Addict


Taxes are paid on money companies make by selling their products. That means they've made their profits and pay a portion of them in taxes.
Tariffs are paid at the time the products arrive. That means before the companies have made a single dime they have to pay more money based on the value of the imported product. This means, if they want to make any money, they have to increase the price of their products. This causes inflation.
So, to answer your question, corporate taxes good, tariffs bad.

You apparently know little to nothing about corporate tax structure in the US. Corporations don't pay withholding tax because they do not earn a salary, wages or tips. The government does not want to wait until the end of the year to get revenue from corporations. Instead corporations use the Quarterly Estimate method. During the first calendar quarter corporate accountants estimate what the will have in profits for the year and compute the taxes that will be owed. At the end of the first quarter they compute 25% of the estimated annual taxes and submit that to the government. The process is repeated each calendar quarter with adjustments being made to previous quarter(s) for any increase or decrease. So corporations know well in advance the taxes to be paid, basically the same as for tariffs.

[Mako]

Taxes are paid on money companies make by selling their products. That means they've made their profits and pay a portion of them in taxes.
Tariffs are paid at the time the products arrive. That means before the companies have made a single dime they have to pay more money based on the value of the imported product. This means, if they want to make any money, they have to increase the price of their products. This causes inflation.
So, to answer your question, corporate taxes good, tariffs bad.

Imagine being dumb enough to believe companies just eat taxes on the money they make without passing it along to the customers. Liberal logic. lol!!!!!!