TARIFFS: Hold on, folks

Print Article

If you think Trump’s tariffs aren’t going to affect you, think again. The price of a new car could increase $5,800. The cost of washers, dryers and dishwashers already have increased 17 percent and televisions 25 percent. His tariffs on aluminum will even increase the cost of a Coke and a beer.

Understand that a tariff is a tax labeled “duties” that the government collects and that you, the taxpayer, will pay the increase when you buy the product. Overall, American consumers will pay a tax of $45 billion. Kind of eats up the income tax break you think you got.

Tariffs and trade barriers tend to be pro-producer and anti-consumer. But, when China retaliates with tariffs on soybeans from Iowa, orange juice from Florida and autos from the Rust Belt, it will be producers who also will be hurt.

Remember that the billionaires won’t be hurt much by this as long as their stock goes up. The people who will pay the prices of Trump tariffs are the ordinary working people and retirees.

What is sadly humorous is that Trump levied a tariff on Canadian steel, and the fact is that Canada buys some of its iron ore from America. Is that what is called “cutting off your nose to spite your face?”

JANET CALLEN

Coeur d’Alene

Print Article

Read More

Today’s ghastly groaner

July 23, 2018 at 5:00 am | Coeur d'Alene Press Teacher: “If you had one dollar and you asked your father for another, how many dollars would you have?” Vincent: “One dollar.” Teacher: “You don’t know your arithmetic.” Vincent: “You don’t know ...

Comments

Read More

Our planet has seen a lot of near misses from space rocks

July 23, 2018 at 5:00 am | Coeur d'Alene Press We’ve seen some of the hottest weather of the summer season in Coeur d’Alene. On Tuesday, July 17, Cliff measured a high of 96 degrees. It wasn’t a record, which was 102 degrees in 1918. More very wa...

Comments

Read More

More feathers in the nest

July 23, 2018 at 5:00 am | Coeur d'Alene Press COEUR d’ALENE — It's a sunny summer Thursday. Burgers sizzle on the grill outside the Coeur d'Alene Eagles. The barbecue smell drifts throughout downtown, reminding those nearby that they can grab a...

Comments

Read More

Warrants

July 23, 2018 at 5:00 am | Coeur d'Alene Press Here is this week’s list of suspected lawbreakers sought by Kootenai County police agencies and the sheriff’s office: FELONIES Martin, Christopher D., 37, Post Falls, manufacturing, delivering, p...

Comments

Read More

Contact Us

(208) 664-8176
215 N. Second St
Coeur d'Alene, Idaho 83814

©2018 The Coeur d'Alene Press Terms of Use Privacy Policy
X
X