Trump’s tariffs are making life more expensive than ever, costing the average household more than $1,000 a year.
“United States tariffs will cost the typical American household more than $1,000 per year, the non-partisan Yale Budget Lab found in an estimate released on Tuesday.
The forecast arrives amid a flurry of fresh levies imposed on Canadian products after a collapse in trade negotiations over the weekend.
A round of 50% U.S. tariffs on dozens of Canadian goods worth $20 billion took effect on Saturday, followed by a measure unveiled on Monday that will double levies on Canadian cars and auto parts in January.”
—ABC News article, Tariffs will cost US households over $1,000 a year, Yale Budget Lab says