Trump’s Tariffs Are Behind Republicans’ Midterm Disaster
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President Trump’s tariffs, one of the largest peacetime tax increases in history, worsened inflation and just cost Republicans both houses of Congress.
Tariffs are terrible for the economy. They are regressive taxes paid by U.S. consumers and businesses that transfer money from the private sector to the government. President Trump claims his tariffs will raise $600 billion to $1 trillion in revenue annually. That is a huge transfer of money from American businesses, workers, farmers, and consume
Tariffs are terrible for the economy. They are regressive taxes paid by U.S. consumers and businesses that transfer money from the private sector to the government. President Trump claims his tariffs will raise $600 billion to $1 trillion in revenue annually. That is a huge transfer of money from American businesses, workers, farmers, and consume
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