Analysis details devastating effects Trumps tariffs would have on businesses and consumers

Analysis details devastating effects Trumps tariffs would have on businesses and consumers- During her 2024 presidential campaign, Vice President Kamala Harris repeatedly warned that the tariffs Donald Trump was proposing would result in significantly higher prices for consumers and amount to a harsh new “sales tax on the American people.”Regardless, President-elect Trump enjoyed a narrow victory, defeating Harris by roughly 1.4 or 1.5 percent in the popular vote (according to Cook Political Report). And he doubled down on his tariffs proposal, promising to impose — as soon as he returns to the White House — 25 percent across-the-board tariffs on all products coming into the…

Source: alternet.org