2023 Americans paid an average $300 more due to Washington's tariffs on China, according to Tax Foundation research.
Americans paid $300 more on average in 2023 due to Washington's tariffs on China, says a Tax Foundation research. The actual cost is higher as the estimate doesn't include lower incomes from shrinking output or reduced consumer choice. The tariffs, intended to protect domestic industries, have instead increased prices of everyday items like footwear and luggage.
July 26, 2024
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