victoriasbooknook
@victoriaa12.bsky.social
Reposted by victoriasbooknook
Businesses will pass these higher costs onto consumers—costing the average family almost $830 MORE this year.
That’s BEFORE we account for the cost of retaliatory tariffs from Mexico and Canada, which could launch us into a trade war and recession.
taxfoundation.org/research/all... (3/3)
That’s BEFORE we account for the cost of retaliatory tariffs from Mexico and Canada, which could launch us into a trade war and recession.
taxfoundation.org/research/all... (3/3)
Tracking the Economic Impact of the Trump Tariffs
The Trump administration imposed nearly $80 billion worth of new taxes on Americans by levying tariffs on thousands of products in 2018 and 2019, amounting to one of the largest tax increases in decad...
taxfoundation.org
February 1, 2025 at 11:40 PM
Businesses will pass these higher costs onto consumers—costing the average family almost $830 MORE this year.
That’s BEFORE we account for the cost of retaliatory tariffs from Mexico and Canada, which could launch us into a trade war and recession.
taxfoundation.org/research/all... (3/3)
That’s BEFORE we account for the cost of retaliatory tariffs from Mexico and Canada, which could launch us into a trade war and recession.
taxfoundation.org/research/all... (3/3)
Reposted by victoriasbooknook
The following are just some of the products from America's largest trading partners that will have a 25% additional tax:
- produce like tomatoes and strawberries
- cars and car parts
- potatoes
- beef and pork
- grains
www.cbsnews.com/news/trump-t... (2/4)
- produce like tomatoes and strawberries
- cars and car parts
- potatoes
- beef and pork
- grains
www.cbsnews.com/news/trump-t... (2/4)
Trump tariffs on Canada and Mexico could drive up the cost of these products
The White House levied new import duties on its three closest trading partners.
www.cbsnews.com
February 1, 2025 at 11:40 PM
The following are just some of the products from America's largest trading partners that will have a 25% additional tax:
- produce like tomatoes and strawberries
- cars and car parts
- potatoes
- beef and pork
- grains
www.cbsnews.com/news/trump-t... (2/4)
- produce like tomatoes and strawberries
- cars and car parts
- potatoes
- beef and pork
- grains
www.cbsnews.com/news/trump-t... (2/4)