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Democrats Say Trump’s Tariffs Raised Average U.S. Household Costs by $1,200
Senate Democrats report tariffs increased monthly household costs from $54.65 in February to $184.51 in October 2023, with projected rises if tariffs persist.
- On Thursday, Democrats on Congress's Joint Economic Committee found sweeping import taxes cost the average American household nearly $1,200 over the past 10 months.
- President Donald Trump reversed decades of U.S. free-trade policy by imposing double-digit tariffs on many trading partners during his second term.
- Expert testimony showed importers pay tariffs and pass costs to consumers, with Kimberly Clausing of UCLA and the Peterson Institute citing about $1,200 annually per household on Thursday.
- Last month, Democrats did well in Virginia and New Jersey as voters blamed Trump and the Republicans for high living costs, Senator Maggie Hassan of New Hampshire said.
- The White House says tariffs will protect U.S. industries and raise revenue, while Yale University's Budget Lab found the average U.S. tariff rate increased to 16.8%.
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114 Articles
114 Articles
Import taxes have cost the average U.S. household nearly $1200 (CAD 1656) since Donald Trump's return to the White House.
·Montreal, Canada
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Omaha World-Herald+24 Reposted by 24 other sources
Tariffs cost U.S. households $1,200 since Trump returned to the White House, Dems say
Taxes on imports cost the average American household almost $1,200 since Donald Trump returned to the White House this year, according to calculations by Democrats on Congress' Joint Economic Committee.
·Omaha, United States
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Trump's rates are "the biggest tax increase in a generation," says an ex-responsible under Biden.
·Montreal, Canada
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Coverage Details
Total News Sources114
Leaning Left19Leaning Right7Center78Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
L 18%
C 75%
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