President Donald Trump, Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick say the tariffs imposed on imports to the US aren’t a tax on American consumers. Never mind that any credible economist says the opposite. The nonprofit Tax Foundation figures the duties equate to an average tax increase of $1,000 per household this year, rising to $1,400 in 2026.
www.bloomberg.com
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Your Holiday Gift Contains a Lump of Tariffs
