President Trump decided that he is going to place tariffs on goods coming from Canada, Mexico, and China. Trump stated that this will make America rich and help businesses. Though this sounds good and may even seem honorable hearing it. The reality is that these tariffs will hurt Americans.

During the election, one of the main concerns was the economy (eggs, grocery, and gas prices). I remember that President Trump promised Americans that on “day one” he would address the economy and the high prices of eggs. Well, even after signing a multitude of executive orders regarding his agenda, he hadn’t sign one order to help the American citizen.

When Trump tariffs goes into effect, there will be a tax on the goods coming into America. I will explain how the American citizen pays for these taxes and not the country. These taxes will cause the country to increase the prices of the goods to cover the taxes. So business who purchase the lumber, aluminum, car parts, etc. the business will increase the cost of these products. The cost will be passed onto consumers as businesses will increase the prices at the register.

The bottom line is that Canada, Mexico, and China doesn’t actually pay these tariffs, it will be the American citizen. As Americans complain about the current prices of eggs, groceries, and gas; get ready to see higher prices across the board. These tariffs aren’t good for Americans. President Trump said that this will only hurt for a short period. The truth is that he doesn’t care because Trump nor his family will feel any of this. Think about Americans who now live paycheck to paycheck. These tariffs may be the final straw that puts some American even further behind the eight-ball. What are your thoughts about Trump’s tariffs? Share in the comments.