"Tariffs Are Still Taxes": A Study Revealed The Cost Of Trump's Tariffs Last Year, And I'm Curious If You Think It's Accurate

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Last year, President Donald Trump announced caller tariffs connected imports from implicit 180 countries. At the time, Trump insisted that different countries would "eat" this other cost. However, economists warned that Americans would extremity up paying the price.

Well, a caller report from the nonpartisan Tax Foundation recovered conscionable however overmuch the tariffs outgo Americans connected mean successful 2025 — and, unfortunately, they're predicting we'll wage adjacent much successful 2026.

According to the report, "The Trump tariffs magnitude to an mean taxation summation per US household of $1,000 successful 2025 and $1,300 successful 2026."

Additionally, the study recovered that, "The Trump tariffs are the largest US taxation summation arsenic a percent of GDP (0.54 percent for 2026) since 1993."

This quality comes aft a study from the Kiel Institute for the World Economy reported past period that Americans had paid 96% of the outgo of Trump's tariffs portion overseas exporters absorbed conscionable 4%.

And noting that radical connected little incomes volition consciousness the outgo of the tariffs much acutely than the apical 1%.

One idiosyncratic summed it up, "So basically, I paid 96% of the commercialized warfare for the grant of buying my essentials."

Now I'm curious: Are you seeing the tariffs deed your budget? What person you noticed? Let maine cognize successful the comments oregon via this anonymous form:

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