Published 9 months ago • loading... • Updated 9 months ago

Democrats Say Trump’s Tariffs Raised Average U.S. Household Costs by $1,200

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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115 Articles

Market Realist

Lean Left

Democrats claim American families have quietly paid an extra $1,200 due to Trump’s tariffs

As per the Congress' Joint Economic Committee, Americans paid over $158 billion in tariff costs

9 months ago

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Irish Times

Lean Left

Fota’s Fergal Harte: ‘We’re having debates about food menus because of the cost of beef’

Spinoff effects from Donald Trump’s tariffs, rising payroll costs and the price of beef are the main concerns for Fergal Harte, who runs two large hotels in Cork

9 months ago·Dublin, Ireland

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Radio-Canada

Lean Left

Customs Duties Cost Us Households $1,200

Import taxes have cost the average U.S. household nearly $1200 (CAD 1656) since Donald Trump's return to the White House.

9 months ago·Montreal, Canada

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Omaha World-Herald

+24 Reposted by 24 other sources

Center

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.

9 months ago·Omaha, United States

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