New Research Unveils Potential $1,700 'Tax Increase' for US Consumers Due to Proposed China Tariffs

Thursday, 30 May 2024, 13:00
Recent research indicates that the proposed import tariffs on China by President Trump could lead to an average 'tax increase' of $1,700 per American. The potential implementation of these tariffs would not only affect consumers but also pose significant collateral damage to the US economy.
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New Research Unveils Potential $1,700 'Tax Increase' for US Consumers Due to Proposed China Tariffs

Research Highlights:

The latest research reveals that President Trump's proposed China import tariffs could result in a substantial 'tax increase' for average Americans, potentially amounting to $1,700 per person.

Economic Impact:

If implemented, these tariffs would have far-reaching consequences, causing significant collateral damage to the US economy.

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