"The Peterson Institute for International Economics said Trump’s tariffs would cost the typical household $2,600 per year; the Yale Budget Lab said in an estimate released Wednesday that the annual cost could be as high as $7,600 for a typical household"
Let's do some simple math, shall we?
Let's do some simple math, shall we?
Comments
Average of annual estimates = $5100/yr
Annual estimate average = $1700 per person
What's included in that $1700? Let's look at some examples:
Canadian maple syrup. British tea. Swedish furniture. Swiss chocolate. German cars.
Pay attention to the produce section next time you're in the grocery store & just how much of it is grown outside the US.
Love those Asian grocers in your neighborhood that carry all the crazy KitKat flavors?
Remember when washing machines were near impossible to buy during covid? Yeah.
4. Housing - new construction or remodeling supply shortages
Not just talking about crude oil imports; it's a stacked double cost to consumers. The higher the per gallon price, the higher the fuel sales tax charged.
Current fuel tax average = $0.51/gal