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Rapidcreek@lemmy.world to politics @lemmy.world · 7 months ago

Trump's proposed tariffs on imports could cost U.S. consumers $3.9 trillion

www.cnbc.com

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Trump's proposed tariffs on imports could cost U.S. consumers $3.9 trillion

www.cnbc.com

Rapidcreek@lemmy.world to politics @lemmy.world · 7 months ago
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CNBC's Steve Liesman reports on how much former President Trump's tariffs would impact the American public.
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  • Blackout@fedia.io
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    7 months ago

    But I only got $3.8 trillion in my checking

    • sp3ctr4l@lemmy.zip
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      7 months ago

      $3.9T to all consumers…

      … roughly works out to approximately $11,200 per living American, or about $22,900 per currently employed American, or about $30,000 per American household.

      Roughly 17% of American households live off of less than $30,000 a year…

      … So … that roughly works out to 55 million Americans who would become homeless and starve to death, as they would have functionally zero income after baring this tariff pass thru cost.

  • bradinutah@thelemmy.club
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    7 months ago

    A great reason to not vote for Weird OLD 34, who doesn’t know how tariffs work and is counting on voters to not know how they work.

  • Myxomatosis@lemmy.world
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    7 months ago

    Don’t forget that he also wants to increase taxes on the middle class. It’s a part of Project 2025.

  • Hydra_Fk@reddthat.com
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    7 months ago

    It’s like you dummies don’t remember 4k graphics cards.

  • Salvo@aussie.zone
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    7 months ago

    The vindictive anarchist in me wants to see what happens when the US crashes and burns, but if Trump gets in it is going to empower the right-wing nut-jobs in other countries too. We will all crash and burn.

  • saltesc@lemmy.world
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    7 months ago

    Literally just shows up as a headline for me. I’m wondering how it was calculated and if it’s also factoring globalisation shift where the US will lose out to other countries if it’s financially more viable to seek manufacturing or consumer markets elsewhere, losing foreign revenue, consumer income for expenditure, etc.

  • Media Bias Fact Checker@lemmy.worldB
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    7 months ago
    CNBC - News Source Context (Click to view Full Report)

    Information for CNBC:

    MBFC: Left-Center - Credibility: High - Factual Reporting: Mostly Factual - United States of America
    Wikipedia about this source

    Search topics on Ground.News

    https://www.cnbc.com/video/2024/10/22/trumps-proposed-tariffs-on-imports-could-cost-u-s-consumers-3-point-9-trillion.html?qsearchterm=trump%20tariffs

    Media Bias Fact Check | bot support

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