Trade disputes will continue to cost American households this year even as tensions ease, according to new government projections.
The estimates come just weeks after the Trump administration signed an interim trade agreement with China, which kept tariffs on thousands of products.A series of trade disputes between the US and other major economies will continue to cost American households this year even as tensions ease, according to new projections from a nonpartisan government agency. this week, the Congressional Budget Office said tariffs are expected to reduce average real household income by $1,277 in 2020.
Trump has separately escalated other economic disputes in recent months, including through renewed threats to slap tariffs on imported vehicles.
Weird, me, my family and friends haven’t noticed it. 🤷🏼♂️. This time I’m voting for Trump.
Not sure how democrats make this an issue for them since they've always been for tariffs.
Take care of tax cuts supposed savings?
In economics we call this the Theory of Duh
I’ve noticed no increase at all on anything I buy regularly. What I do notice is gas is down about a dollar a gallon from when Obama left office, and I buy that almost every week, so there’s that....
You’d have to show me how? Average household
I have a friend, a union electrician, who made the statement, 'How's those tariffs working out for you?' The next words out of his mouth were, 'We have so much work that the union hall won't let us go out of town to work.'
Bad trade deals cost the average US household $20,000 a year for the last two decades. What’s your point?
How NOT surprising at all..... 🤣
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