Tariffs could cost American households $2,400 each in 2019, a new study warns

[mahatmakanejeeves]

Not even 900 am and today's headlines include:

* Trump's trade tax hikes will cost each family an average of $2,400.00 next year

* Because of Trump's trade tax hikes, farm bankruptcies shattering marks set in 2013-2014

* Hit by $1 billion in Trump tax hikes, GM closing plants

Link to tweet

Donny Ferguson 🗽 Retweeted

Tariffs could cost American households $2,400 each in 2019, a new study warns

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Tariffs could cost American households $2,400 each in 2019, a new study warns

• Tariffs stemming from President Trump's trade conflicts could cost Americans $915 each, or $2,400 per household, in the form of higher prices, lower wages and lower investment returns in 2019, according to a new study.
• If the tariffs stay in place, the study says, the losses would add up to $17,300 per household by 2030.
• The study, commissioned by the lobbying shop for Koch Industries and conducted by consulting firm ImpactECON, looked at the potential cumulative impact of tariffs.
• The conservative Koch political network has argued against the Trump administration's protectionist trade policies.

Stephanie Dhue | @StephanieDhue
Published 12 Hours Ago Updated 3 Hours Ago

Tariffs stemming from President Donald Trump's trade conflicts could cost Americans $915 each, or $2,400 per household, in the form of higher prices, lower wages and lower investment returns in 2019, according to a new study.

If the tariffs stay in place, the study says, the losses would add up to $17,300 per household by 2030.

The study, commissioned by the lobbying shop for Koch Industries and conducted by consulting firm ImpactECON, looked at the potential cumulative impact of tariffs. The conservative Koch political network has argued against the Trump administration's protectionist trade policies.

The new study comes as Trump prepares to meet with Chinese President Xi Jinping at this week's G-20 meeting, amid the U.S.-China trade standoff. The Koch-commissioned study assumes that the administration's steel and aluminum tariffs and quotas remain, as well as retaliatory tariffs U.S. trade partners have put in place.
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[lunasun]

1. Woo hoo MAGA !

[sandensea]

2. Democrats should pound on this, and call it the Trump Tax

Because that's what it is.

[MattP]

3. Watching the people hit the hardest by this praise him is beyond frustrating

[Squinch]

4. Great. The tax scam is already costing me about that much.

[beachbum bob]

5. so what was the trump taxcut "savings" to these same families again?

[delisen]

6. Trump was Putin's Trojan Horse. Destroying economy from Inside.