The Hidden Cost of Tariffs
While tariffs bring in government revenue, they also raise prices on imported goods — from electronics to clothing to auto parts. Those higher costs are often passed directly to consumers.
That means Americans are, in effect, funding their own dividend checks through higher prices at the checkout counter.
Economists warn this creates a cycle:
- Tariffs raise prices
- Consumers pay more
- Government collects more revenue
- Government sends back part of it
- Inflation risks increase
Investor Kevin O’Leary recently called the idea of tariff-funded checks a “short-term band-aid” that could worsen inflation rather than solve underlying economic problems.
While the stimulus checks sound great and would help tons of Americans jump start the year and their monthly income for a time. I wonder if it should only be for the parents not the children because an increase in tax deductions for children sounds better in the long run.
President Trump is the only President that has tried to keep his promise and I commend him for that. We have heard many politicians talk about helping people but we all know the Democratic party has never helped the people, they are in it for themselves. We can see that plain and clear PLUS they are separating the American people more and more!!