Donald Trump’s tariffs will end up hurting most Americans, acting as a tax increase for nearly every income group, with a minimal impact on the top one percent of earners. Those are the findings of an analysis by the Institute on Taxation and Economic Policy released Wednesday. The study found that if Trump’s tariffs of 10 percent on most countries, 25 percent tariffs on certain sectors for specific countries like Mexico and Canada, and 145 percent tariffs on China were still around in 2026,

Tag-uri: Donald Trump