{"id":13939,"date":"2024-06-15T13:20:09","date_gmt":"2024-06-15T13:20:09","guid":{"rendered":"https:\/\/lonecandle.com\/?p=13939"},"modified":"2024-06-15T13:20:14","modified_gmt":"2024-06-15T13:20:14","slug":"trumps-proposed-tariffs-would-cost-families-1700-annually","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=13939","title":{"rendered":"Trump&#8217;s Proposed Tariffs Would Cost Families $1,700 Annually"},"content":{"rendered":"\n<p>&#8220;A set of new tariffs proposed by former President Donald Trump would cost the average American family an estimated $1,700 annually\u2014and lower-income households would be hit relatively harder,&nbsp;<a href=\"https:\/\/www.piie.com\/sites\/default\/files\/2024-05\/pb24-1.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">a new analysis<\/a>&nbsp;warns.<\/p>\n\n\n\n<p>Trump has called for a&nbsp;<a href=\"https:\/\/reason.com\/2023\/08\/22\/trump-floats-tariff-plan-that-will-make-everything-more-expensive\/\" target=\"_blank\" rel=\"noreferrer noopener\">10 percent across-the-board tariff<\/a>&nbsp;on all imports combined with higher tariffs (potentially as high as 60 percent, he&#8217;s claimed) aimed specifically at imports from China. Together, those two policies would cost Americans about $500 billion per year,&nbsp;<a href=\"https:\/\/www.piie.com\/sites\/default\/files\/2024-05\/pb24-1.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">according to<\/a>&nbsp;the Peterson Institute for International Economics (PIIE), a trade-focused think tank.&#8221;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-reason-com wp-block-embed-reason-com\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"63jY5O1MH3\"><a href=\"https:\/\/reason.com\/2024\/05\/22\/trumps-proposed-tariffs-would-cost-families-1700-annually\/\">Trump&#8217;s Proposed Tariffs Would Cost Families $1,700 Annually<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Trump&#039;s Proposed Tariffs Would Cost Families $1,700 Annually&#8221; &#8212; Reason.com\" src=\"https:\/\/reason.com\/2024\/05\/22\/trumps-proposed-tariffs-would-cost-families-1700-annually\/embed\/#?secret=Fa4AMR9FtR#?secret=63jY5O1MH3\" data-secret=\"63jY5O1MH3\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;A set of new tariffs proposed by former President Donald Trump would cost the average American family an estimated $1,700 annually\u2014and lower-income households would be hit relatively harder, a new analysis warns.<br \/>\nTrump has called for a 10 percent across-the-board tariff on all imports combined with higher tariffs (potentially as high as 60 percent, he&#8217;s claimed) aimed specifically at imports from China. Together, those two policies would cost Americans about $500 billion per year, according to the Peterson Institute for International Economics (PIIE), a trade-focused think tank.&#8221;<\/p>\n<p>https:\/\/reason.com\/2024\/05\/22\/trumps-proposed-tariffs-would-cost-families-1700-annually\/<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[214,221,411,208,140,141,170],"class_list":["post-13939","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-costs","tag-donald-trump","tag-policy","tag-tariffs","tag-tax","tag-taxes","tag-trump"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/13939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13939"}],"version-history":[{"count":2,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/13939\/revisions"}],"predecessor-version":[{"id":13941,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/13939\/revisions\/13941"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}