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Swamp Notes: The costs of Trump’s tariffs

  • President Donald Trump has imposed 10 percent tariffs on imported goods, impacting roughly 60 countries or trading blocs, including the European Union, China, and Japan.
  • The Yale Budget Lab estimates that the average household will lose $3,800 this year due to these tariffs.
  • Federal Reserve Chair Jerome Powell stated that the tariffs will worsen inflation and lower economic growth.
  • Liz Wheeler defended Trump's tariffs on social media, stating they are necessary to protect American jobs and reduce reliance on foreign goods, despite her previous comments labeling tariffs as a tax hike.
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  • 75% of the sources lean Left
75% Left
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Bangor Daily News broke the news in Bangor, United States on Friday, April 4, 2025.
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