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The Tariff Trap: Politics and Consumer Impact
This chapter explores the ramifications of political decisions, specifically focusing on the influence of wealthy individuals on governance and the threat posed by the potential dissolution of the Consumer Financial Protection Bureau. It critiques the introduction of tariffs under the Trump administration, examining their negative consequences for American consumers and the ineffectiveness of such measures in addressing underlying issues. The discussion highlights the historical context of U.S.-Mexico relations, questions the reliance on tariffs over income taxes, and underscores the risks of bureaucratic overreach in government policy.