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State treasurer estimates Trump tariffs will cost Vt. households over $1B annually

President Trump announced a new tariff plan on Wednesday, drawing diverse reactions, especially from Texas lawmakers.
Democratic state treasurers sent Trump a letter before the tariff announcement, fearing economic harm to their states.
Republicans framed the tariffs as tools to level trade; Democrats warned of higher prices and a possible recession.
Economist Justin Wolfers estimated an added $5,000 annual cost for each U.S. Household; Doggett stated, "Trump liberates dollars from your wallet."
The Senate approved a resolution to block tariffs on Canadian products, though its future in the House remains uncertain.

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WCAX-TV

Center

State treasurer estimates Trump tariffs will cost Vt. households over $1B annually

Vermont’s treasurer says the president’s new tariffs will end up costing Vermont households a total of over $1 billion a year.

1 day ago·Burlington, United States

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The Morning News

Center

Trump's Tariffs Will Cost $5000 To An American Household Per Year

President Trump’s new tariffs are causing quite a stir—and not in a good way. Starting April 5, a baseline 10% tariff will hit all imports, with additional tariffs on specific countries, like China and the European Union, ramping up to 54% and 20%, respectively. What Does This Mean For Everyday Americans?According to economist Justin Wolfers, brace yourselves: each U.S. household could see an added $5,000 in costs annually. Sounds like a punch t…

1 day ago

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wshu.org

Lean Left

Democratic state treasurers condemn Trump’s tariffs

CT Treasurer Erick Russell (D).(Molly Ingram / WSHU)The treasurers of several Democratic states including Connecticut sent a letter to President Donald Trump ahead of his tariff announcement.The president’s move would hurt their state economies, they warned.Trump’s tariffs would not liberate the people of Connecticut, said CT State Treasurer Erick Russell.“The reality is that this is Tax Day,” he said.“This is Tax Day for hard-working Americans.…

1 day ago

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Dallas News

Center

Texas lawmakers in Washington split over Trump tariffs expected to impact state

While many Republicans cast the tariff plan as a way to level the international trade playing field, Democrats slammed it as misguided policy that will raise...

2 days ago·Dallas, United States

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wibc.com

Indiana State Treasurer Talks Tariffs and Their Impact

STATEWIDE–Indiana State Treasurer Daniel Elliott believes Indiana is on solid financial ground despite the Trump tariffs taking effect. You might have heard about Trump imposing tariffs on major trading partners, including China, Canada, and Mexico. He also suspended American financial contributions to the World Trade Organization (WTO), and announced plans for a “reciprocal tariff policy” on Wednesday. “Our investment portfolio is extremely div…

1 day ago

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