Trump's Tariffs Threaten Inflation
This is a U.S. news story, published by CNBC, that relates primarily to Trump news.
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tariffsCNBC
•Here's what President-elect Trump's tariff plan may mean for your wallet
86% Informative
The typical U.S. household would pay roughly $2,600 to $3,000 more per year due to higher prices, economists say.
Nearly half of all voters said they were worse off financially than they were four years ago .
There's still much uncertainty around how and when such tariffs might be implemented.
Trump 's plan would reduce average after-tax incomes by almost 3% , according to tax think tank.
The typical U.S. household would still lose $ 2,600 a year from Trump 's tariff plan, an analysis says.
Tax cuts enacted by Trump in 2017 are due to expire next year , and tariff revenue may potentially be used to extend them, economists say.
Tax Foundation: Tariffs would shrink employment by 684,000 full-time jobs and reduce GDP growth by 0.8% .
VR Score
90
Informative language
90
Neutral language
61
Article tone
formal
Language
English
Language complexity
53
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
11
Source diversity
10
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