Trump tariffs will cost average American family $4,700 per year, Yale study says

Magats_Love_NHB

Magats_Love_NHB

Let It Burn!

Tariffs imposed by President Donald Trump will hit lower income families the hardest and cost the average American family $4,700 annually, according to a Yale University analysis.


Trump signed an order on April 2 imposing a minimum 10% tariff on goods imported from nearly every country, with some nations hit with significantly higher rates.



Under that framework, consumers would face an overall average effective tariff rate of 27%, the highest since 1903, according to a Yale Budget Lab analysis released Thursday.

“Tariffs are a regressive tax, especially in the short-run,” the analysis says. “This means that tariffs burden households at the bottom of the income ladder more than those at the top as a share of income.”

On April 9, Trump instituted a pause on some of those tariffs, though the effect will remain significant, according to the Yale analysis.
 
Fuck the poor and middle class!

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Magats_Love_NHB said:

Tariffs imposed by President Donald Trump will hit lower income families the hardest and cost the average American family $4,700 annually, according to a Yale University analysis.


Trump signed an order on April 2 imposing a minimum 10% tariff on goods imported from nearly every country, with some nations hit with significantly higher rates.



Under that framework, consumers would face an overall average effective tariff rate of 27%, the highest since 1903, according to a Yale Budget Lab analysis released Thursday.

“Tariffs are a regressive tax, especially in the short-run,” the analysis says. “This means that tariffs burden households at the bottom of the income ladder more than those at the top as a share of income.”

On April 9, Trump instituted a pause on some of those tariffs, though the effect will remain significant, according to the Yale analysis.
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Magats_Love_NHB said:

Tariffs imposed by President Donald Trump will hit lower income families the hardest and cost the average American family $4,700 annually, according to a Yale University analysis.


Trump signed an order on April 2 imposing a minimum 10% tariff on goods imported from nearly every country, with some nations hit with significantly higher rates.



Under that framework, consumers would face an overall average effective tariff rate of 27%, the highest since 1903, according to a Yale Budget Lab analysis released Thursday.

“Tariffs are a regressive tax, especially in the short-run,” the analysis says. “This means that tariffs burden households at the bottom of the income ladder more than those at the top as a share of income.”

On April 9, Trump instituted a pause on some of those tariffs, though the effect will remain significant, according to the Yale analysis.
Click to expand...
Yale, huh? Bet they’re passing out crack pipes with diplomas these days. Another clickbait turd dropped by a clueless moron. Libtards are shaking in their boots, watching their decades-long crusade to gut America go up in flames faster than their campus bong hits. They’re desperately sniffing out any hack willing to churn out garbage that would’ve been mocked off the newsstand a few years back.

Maggie, got a single original thought rattling around in there? Another lazy copy-paste post, huh? Most people might toss up a link to back their take, maybe even have a take. But you? If you did say something I'm guessing it would be just a brain-dead “yep, I’m with the Yale guy.” Stunning intellect, truly. Keep parroting, drone. It’s pathetic, but I’m here for the laughs.
 
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