Merry 145% More Expensive Christmas

Free trade is fair trade. What is neither is random, excessive taxes in the form of tariffs on products and industries that will affect every American every day.

Christmas, the peak of American consumerism, is heavily dependent on imported goods. 76% of smartphones, 78% of portable computers, 70% of the lithium ion batteries used to power those products, 77% of toys, and 87% of video games are Chinese imports. With the Trump Administration imposing new tariffs to bring the rates on China to as much as 145%, the possibility of any of those individual products doubling in price is quite high. Also, any product that may be made in America with imported components will also see their prices spike.

“I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.” ― Winston S. Churchill

The Libertarian Party of Wisconsin (LPWI) would gladly donate a bucket to President Trump if that would get the point across.

For more on the Libertarian Party of Wisconsin, please visit www.lpwi.org.

NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.