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Trump’s wild tariff threats aren’t as toothless as you think

7 6
18.06.2024

There’s little to stop him from again waging his tax wars through executive authority.

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    Apparently, nearly every economist in America is a communist now.

    At least so says the Republican National Committee. Anna Kelly, an RNC spokeswoman, recently declared: “The notion that tariffs are a tax on U.S. consumers is a lie pushed by outsourcers and the Chinese Communist Party.”

    Kelly was responding to warnings from legions of economists that Donald Trump’s proposed tariffs would be paid by regular Americans. Their conclusion is based in part on the former president’s previous rounds of trade wars; multiple careful studies found that the costs of those tariffs were either mostly or entirely passed on to Americans in the form of higher prices. A more recent analysis estimated that his new tariff proposals would cost the median U.S. household an additional........

    © Washington Post


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