
Washington:
President Donald Trump’s prices will have a huge impact on American families, and will reduce the purchase of poor households rapidly, as the Congress budget office has stated.
Trump’s prices may increase an additional 30 830 taxes on an average US domestic this year, as the non -Partisen Non -Popular Tax Foundation has analyzed.
The president has been threatening taxes on various countries since his presidential campaign, saying that from January 31, he will impose 25 % of the taxes on imported goods from Mexico and Canada and 10 % on imports from China from February.
“This is what we are doing, and we will potentially increase it, or not, we will see how it is,” Trump said. “But it’s a lot of money coming to the United States.”
In addition, it has threatened that if they make their currency and replace the dollar, they have threatened to impose 100 % taxes on BRICS countries, including India.
However, the Foundation found that its proposed revenue would reduce the country’s economic output by 0.4 % and increase the tax between 2025 and 2034 by $ 1.2 trillion. In addition, taxes can also endanger US benefits in recent years.
Trump’s first term and Biden’s recent rates have also damaged the economy.
Research shows that the Trump administration imposed a new tax of about $ 80 billion between 2018 and 2019 through revenue. The Biden administration maintained prices and increased the additional tariffs on Chinese goods worth $ 18 billion, including semi -conductors, in May, increasing tax. 6 3.6 billion.
It also shows that both Trump and Biden’s prices have reduced production, increased jobs, prices and created a “net negative impact on the US economy”.
The Congress Budget Office has estimated that revenue will increase consumer goods, but added that after 2025, they will not have “extra significant impact on prices”.
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