Trump’s Tariffs Will Be Costly, but That’s Not the Worst Part (updated, Shared)

Posted on the 09 January 2025 by Phil's Stock World @philstockworld

He has no coherent reason for implementing them, and many Americans will be worse off as a result.

By Heather Long, WaPo

Donald Trump is obsessed with raising tariffs. Though it's tricky to predict how much he will hike them, they will be higher than today's average rate of 2.4 percent. Hardly a day passes without Trump mentioning how " beautiful " and profitable tariffs are. And this week, he laid bare why he will raise them this year: He needs money to pay for bigger tax cuts.

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