Trump's proposed economic policies, particularly his significant tariffs, could drastically impact middle-income households, costing them up to $2,600 a year depending on the tariff rate.
Dubbed "a Tariff Man," Trump emphasizes tariffs as tools to penalize countries. His plan includes a punitive 60% tariff on Chinese imports and a universal 10% tariff.
Economists express concern over Trump’s tariffs, citing that they may drive inflation and counteract the benefits of free trade, which could ultimately hurt American consumers.
Trade wars, as Trump claims, might be easy to win, but the consequences of high tariffs could weigh heavily on everyday Americans, burdening their finances.
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