Source: The Daily Economy
by Mohamed Moutii
“Trump continues to claim that tariffs are taxes paid by foreign countries. The reality, however, tells a different story: they’re taxes on Americans. Research shows his proposed trade barriers could hike household expenses by $2,600 to $3,900 annually, while pushing consumer prices up by as much as 2.8 percent. Unsurprisingly, low- and middle-income families would suffer the most, making tariffs a regressive and harmful policy. Perhaps one of Trump’s most bizarre assertions is that tariffs could reduce grocery prices. In reality, they would do the opposite.” (03/14/25)
https://thedailyeconomy.org/article/trumps-new-tariffs-endanger-us-citizens-and-businesses/