US EditionPotential Trump tariff plan could cost households more than $3K: Analysis
- President Donald Trump announced tariffs as high as 20% on various goods to punish other countries for unfair trade practices, affecting American households significantly, particularly lower-income ones.
- An analysis from Yale Budget Lab reported that the lowest-earning households could see their disposable income fall by up to 5.5% due to these tariffs, impacting those with an average income of $43,000.
- Economist Ernie Tedeschi noted that tariffs act as a regressive tax, impacting families at the bottom more than those at the top, and predicted an adjustment period in the American economy due to these changes.
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UC San Diego professor talks 'what if's on the end game of tariffs
SAN DIEGO (KGTV) Talking about and understanding what comes next with tariffs is hard.There are lots of predictions, but only time will tell what happens.President Donald Trump has said in the past the end game is to cut into the U.S.' trade deficit."Reciprocal, that means they do it to us and we do it to them. Very simple. Can't get any simpler than that, Trump said on Wednesday.Now, the campaign promise becoming an administration's reality.The…
·Poway, United States
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