Trump's Tariff Proposal May Cost U.S. Households $1,500 Annually

Analysis by a left-leaning think tank warns of increased costs for consumers and potential economic repercussions.

Former President Trump proposes a 10% tariff on all imported goods, potentially costing U.S. households $1,500 annually.
The Center for American Progress, a left-leaning think tank, conducted the analysis, highlighting increased costs across various sectors including food, oil, and automobiles.
Critics argue the tariff would hurt U.S. consumers more than foreign exporters, with prices expected to rise for everyday items.
Both Trump and Biden have focused on domestic manufacturing, but Trump's tariff proposal marks a significant policy shift.
Economic experts warn the tariffs could lead to higher inflation and job losses, with over 825,000 U.S. jobs at risk.