Source: United States & Canada – South China Morning PostSweeping taxes on imports have cost the average American household nearly US$1,200 since Donald Trump returned to the White House this year, according to calculations by Democrats on Congress’ Joint Economic Committee.
Using Treasury Department numbers on revenue from tariffs and Goldman Sachs estimates of who ends up paying for them, the Democrats’ report on Thursday found that American consumers’ share of the bill came to nearly US$159 billion – or US$1,198 per household – from February…Read More