evrimagaci.org on Nostr: Trump’s Tariff Proposals Threaten Consumer Prices And Jobs ========== Donald Trump ...
Trump’s Tariff Proposals Threaten Consumer Prices And Jobs
==========
Donald Trump proposes new tariffs of 10%-20% on imports and 60%-100% on Chinese goods; economists warn these could raise consumer prices by $2,400 annually; tariffs historically act as taxes on consumers, with past tariffs causing a 12% price increase on washing machines; customs revenue from tariffs reached $257 billion by October 2024; potential annual losses to consumers estimated at $46-$78 billion; lower-income families disproportionately affected; clean energy initiatives may face increased costs due to tariffs on materials like steel; analysts predict inflation could stall progress on clean energy solutions.
#Trump #Tariffs #Economy #Inflation #ConsumerPrices #Jobs #China #Retail #CleanEnergy #Imports
https://evrimagaci.org/tpg/trumps-tariff-proposals-threaten-consumer-prices-and-jobs-67165
==========
Donald Trump proposes new tariffs of 10%-20% on imports and 60%-100% on Chinese goods; economists warn these could raise consumer prices by $2,400 annually; tariffs historically act as taxes on consumers, with past tariffs causing a 12% price increase on washing machines; customs revenue from tariffs reached $257 billion by October 2024; potential annual losses to consumers estimated at $46-$78 billion; lower-income families disproportionately affected; clean energy initiatives may face increased costs due to tariffs on materials like steel; analysts predict inflation could stall progress on clean energy solutions.
#Trump #Tariffs #Economy #Inflation #ConsumerPrices #Jobs #China #Retail #CleanEnergy #Imports
https://evrimagaci.org/tpg/trumps-tariff-proposals-threaten-consumer-prices-and-jobs-67165