Tariffs Could Lead to Largest Tax Increase for Americans Since the 1940s

Reported about 23 hours ago

President Trump's new tariff policy, featuring a 10% across-the-board tariff alongside targeted tariffs on select countries, has raised concerns about its potential to cause the biggest tax hike on Americans since the 1940s. According to trade policy expert Inu Manak, these tariffs could lead to significant price increases for consumers, particularly in industries reliant on imported goods, and may provoke mixed reactions from trade partners, some of whom are prepared to retaliate.

Source: YAHOO

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