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Tag: US household wealth

How Donald Trump’s Tariffs Will Affect US Households

Posted on February 1, 2025 By admin
How Donald Trump’s Tariffs Will Affect US Households

Washington: President Donald Trump’s tariffs will have a major ripple effect on American households, and drastically lower the purchasing power of poor households, as noted by the Congressional Budget Office. Trump’s tariffs could add an extra $830 tax this year on the average US household as analysed by the nonpartisan nonprofit Tax Foundation. The president…

Read More “How Donald Trump’s Tariffs Will Affect US Households” »

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