According to the Yale Budget Lab, the average effective tariff rate in this economy right now is 18.2%
Let me put that another way.
President Trump has raised taxes on American businesses and consumers by -- on average -- 18.2%
The average effective tariff rate before this term was just over 2%. Anything double-digits is high!
According to the Yale Budget Lab, the average effective tariff rate in this economy right now is 18.2%
Let me put that another way.
President Trump has raised taxes on American businesses and consumers by -- on average -- 18.2%