Trump Tariffs are set to cost U.S. households $2,000 in 2020

[crazytown]

Yahoo Finance, September 7, 2019
https://finance.yahoo.com/news/trump-tariffs-cost-2020-research-151755274.html

Trump tariffs are set to cost U.S. households $2,000 in 2020, research group finds

Tariffs are expected to cost American households more than $2,000 per year in 2020, according to a recent report from the National Foundation for American Policy (NFAP).

The Arlington-based nonprofit — which looked at the effect of tariffs on the overall economy and consumers — estimated that by the end of 2019, the trade duties imposed by U.S. President Donald Trump “will have cost the average household $1,315 over a two-year period.”

And “when adding the tariffs in effect and the tariffs set to go into effect by the end of 2019, the costs of the tariffs to consumers will be $259.2 billion,” the report stated. “That is, the tariffs will cost the average household $2,031 per year, and will be recurring so long as the tariffs stay in effect.”

The $2,031 number is higher than other estimates because tariffs keep increasing.

[dalton99a]

1. This number must be publicized.