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Study finds Trump tariffs will cost the average American household over $1,000 in 2027; gas currently at $4.07 a gallon. {ABC News 25 August}
https://finance.yahoo.com/economy/policy/articles/tariffs-cost-us-households-over-193829042.html
FTA: United States tariffs will cost the typical American household more than $1,000 per year, the non-partisan Yale Budget Lab found in an estimate released on Tuesday.
The forecast arrives amid a flurry of fresh levies imposed on Canadian products after a collapse in trade negotiations over the weekend.
A round of 50% U.S. tariffs on dozens of Canadian goods worth $20 billion took effect on Saturday, followed by a measure unveiled on Monday that will double levies on Canadian cars and auto parts in January.
The US-Canada trade war could push up these prices, analysts say
The new tariffs on Canadian goods accounted for about $30 extra per household per year, the Yale Budget Lab said.
Canada on Tuesday announced levies of its own, to take effect on Sept. 8, that would match the value of goods targeted by U.S. tariffs.
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