7min chapter

Politicology cover image

The Campaign to Annoy Economists

Politicology

CHAPTER

Economic Impact of Tariffs

This chapter explores the consequences of Trump's universal tariff proposals and their ongoing effects under the Biden administration. It reveals how these tariffs are financially burdening American consumers and businesses, with annual costs potentially reaching $1,500, while also examining the risks of foreign retaliatory actions and the implications for U.S. trade policy.

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