Is this what winning looks like? Did you notice that even a dummy like Bush wasnāt stupid enough to create trade wars with China? He actually listened to advisors who understood what they were talking about.
The tariffs āeliminate all remaining economic gains from the administrationās deregulation actionsā
The $2,031 number is higher than other estimates because tariffs keep increasing.
In May, the New York Fed estimated a $831 cost to households from tariffs. J.P. Morgan estimated that tariffs that went into effect on September 1 would cost American households up to $1,000 per year. Additional tariffs on China went into effect on October 1, and more tariffs are set to kick in on December 15.
āIf all tariffs threatened by the Trump administration are imposed, combined with the current tariffs in place, the annual cost to U.S. consumers would be $461.1 billion and the cost for the average household would be $3,614,ā the report stated.
Trump tariffs are set to cost U.S. households $2,000 in 2020, research group finds
The tariffs āeliminate all remaining economic gains from the administrationās deregulation actionsā
The $2,031 number is higher than other estimates because tariffs keep increasing.
In May, the New York Fed estimated a $831 cost to households from tariffs. J.P. Morgan estimated that tariffs that went into effect on September 1 would cost American households up to $1,000 per year. Additional tariffs on China went into effect on October 1, and more tariffs are set to kick in on December 15.
āIf all tariffs threatened by the Trump administration are imposed, combined with the current tariffs in place, the annual cost to U.S. consumers would be $461.1 billion and the cost for the average household would be $3,614,ā the report stated.
Trump tariffs are set to cost U.S. households $2,000 in 2020, research group finds