An analysis reveals that President Trump's tariffs could impose an additional annual cost of approximately $3,800 on the average American family. Despite Trump's assertions on social media that tariffs would not affect consumer prices and that costs for commodities like oil and food are decreasing, economists have criticized this perspective. They argue that the tariffs are harmful to the economy, highlighting Trump's flawed calculations. His dismissive response to economic questions raises concerns about the impact of these tariffs on market stability and consumer spending.
An analysis of Trump's tariffs shows they will cost the typical US family around $3,800 in extra spending per year.
Despite markets collapsing for several days now following news of his tariffs, Trump has attacked journalists who have asked basic questions regarding the policy.
Economists have criticized the tariffs as being detrimental to the nation's economy, and have derided Trump's calculations as flawed.
Trump's rosy analysis of how his tariffs will affect the economy flies in the face of past outcomes.
Collection
[
|
...
]