Yale Study: Trump Tariffs Cost Average Family $4700 Annually
A Yale study has concluded that the tariffs implemented during the Trump administration will cost the average American family a staggering $4,700 per year. This is a significant financial burden, especially considering the already strained budgets of many households.
The impact of these tariffs isn’t evenly distributed. They disproportionately affect lower-income families, exacerbating existing economic inequalities. This makes the tariffs function as a regressive tax, hitting those least able to afford it the hardest. The claim that these costs are somehow borne by other countries rather than American consumers is simply not supported by the economic reality.
The study highlights the significant increase in prices across various consumer goods, with clothing and textiles being particularly hard hit.… Continue reading
Matt Underwood