Liberal Forum

Trump’s Planned Tariffs Would Tax US Households, Economists Warn

 https://www.bloomberg.com/news/articles ... households

 Yet mainstream economists say the GOP candidate’s second-term trade agenda—which could be boiled down to “tariffs on steroids,” as it also calls for increasing duties on Chinese-made goods to 60% or more—would essentially amount to a tax increase for American households. A recent report from the Peterson Institute for International Economics pegged the annual cost for the average middle-income family at $1,700, likening it to a sales tax. The Center for American Progress, a left-leaning think tank, crunched the numbers on the minimum 10% tariff and came up with about $1,500 per household per year, including a $90 increase in the cost of food, $90 for prescription drugs and $220 for autos.

Your copy/pasta from a LWN **** tank is hiding behind a paywall   
 

Warcok » 17 Jun 2024, 6:32 pm » wrote: ↑

17 Jun 2024, 6:32 pm

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