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Tell Europe, Canada, and Mexico: slap tariffs on U.S. billionaires****
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Dear readers,
President Trump’s tariffs are a nightmare. His billionaire buddies are making millions on stock-market volatility. And it’s driving up prices that hurt working families the most.
But there’s one way other countries could respond that would actually hurt Trump and his billionaire allies:
**slapping tariffs on oligarchs.**
Imagine if Elon Musk had to pay extra taxes to sell Tesla cars in Mexico, or if Jeff Bezos faced tariffs to offer Amazon services in Canada.
Sign the Inequality.org petition: Tell Canada, Mexico, and the EU to target tariffs at U.S. billionaires. [link removed]
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Strategic, targeted tariffs are commonplace: a Canadian province banned imports of alcohol from states that voted for Trump -- pulling Kentucky bourbon, Texas vodka, and Florida rum off the shelves. But this sort of crude move also hurts American workers and Canadian consumers.
Instead, Canada and other trading partners could
**go after the real villains: the billionaires in Trump’s inner circle whose companies depend on access to markets in Canada and beyond**. Tariffs would hurt their bottom line and distance them from Trump’s crusading nationalistic agenda.
This approach is a real possibility, backed by leading economist Gabriel Zucman, the Director of the EU Tax Observatory, a professor at UC Berkeley, and an expert on international tax havens who works with the G20 group of wealthy nations.
If we want billionaire tariffs to become reality, we’ve got to raise our voices and bring more attention to this solution. That’s where you come in: add your name in support of billionaire tariffs! [link removed]
The oligarchs who increasingly wield power over American policy are also an Achilles’ heel for the Trump administration. If our trading partners started targeting their companies, they could trigger a virtuous cycle, since countries could no longer attract wealthy foreign investors simply by slashing their own tax rates or labor and environmental standards.
In Zucman’s words: “If it’s a trade war Trump wants, consumers in Mexico, Canada, Europe, and beyond should unite to ensure that Musk and his fellow oligarchs feel the cost.”
Thanks for taking action alongside us.
**Chuck Collins,**for Inequality.org & the Institute for Policy Studies
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Sources and more information:
* America’s Oligarchs Are Trump’s Achilles’ Heel [link removed], Gabriel Zucman, Feb. 28, 2025,
**Substack**
* Trump’s April 2 Deadline for New Tariffs Is a Distraction from Deeper North American Trade Challenges [link removed], Manuel Pérez-Rocha, March 28, 205,
**Inequality.org**
* ‘Liberation Day’ Tariffs Will Concentrate Wealth Even More [link removed], Omar Ocampo, April 2, 2025,
**Inequality.org**
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