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New tariffs may push up prices, Americans: Turn a blind eye to ordinary people
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2025-04-06 04:02 3,818
Golden Finance reported that the new tariff policy recently announced by the US government has caused concerns among US economic analysts. They predict that the new tariff policy will further push up US prices and bring greater living burdens to consumers. The U.S. think tank Tax Foundation expects that the average U.S. import tax will soar from 2.5% last year to 19% this year, the highest since 1933. The foundation also said that after-tax income of working-class Americans will fall by an average of 2.1% this year, while average annual consumption of ordinary American families will increase by $2,100. JPMorgan analysts pointed out that the new U.S. tariff policy will cause Americans to pay more than $660 billion in taxes a year. Prices will soar again, and the high inflation rate in the United States, which has been high for a long time, will be pushed up again.
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