- Joined
- Dec 31, 2016
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So let's see - Trump gives tax cuts for billionaires, which drives up the deficit. Now he imposes trade tariffs, which will bring money into the treasury, but it will inevitably come out of the pocket of the average American.
Higher China tariffs could cost Americans $767 per year - CBS News
A good amount, apparently. Taken together, the tariffs -- levies paid by consumers and companies, not China -- could cost an average family of four $767 a year, one study from a group called the Trade Partnership estimated in February. The group also forecast the tariffs would cut U.S. employment by 934,000 people and subtract roughly 0.4 percentage points from U.S. GDP.
Higher China tariffs could cost Americans $767 per year - CBS News
A good amount, apparently. Taken together, the tariffs -- levies paid by consumers and companies, not China -- could cost an average family of four $767 a year, one study from a group called the Trade Partnership estimated in February. The group also forecast the tariffs would cut U.S. employment by 934,000 people and subtract roughly 0.4 percentage points from U.S. GDP.