Doyle McManus: Trumponomics? He would impose the equivalent of a huge tax hike
If Donald Trump becomes president again, one of his first moves will take money out of your pocket just as a tax hike would. Trump hasn't outlined much of an economic program, but he has promised to impose a massive increase in tariffs on imports from almost all foreign countries — everything from bananas and baby formula to computer chips and machine parts. And that's the equivalent of a tax ...
by Doyle McManus, Los Angeles Times
Feb 26, 2024
3 minutes
If Donald Trump becomes president again, one of his first moves will take money out of your pocket just as a tax hike would.
Trump hasn't outlined much of an economic program, but he has promised to impose a massive increase in tariffs on imports from almost all foreign countries — everything from bananas and baby formula to computer chips and machine parts.
And that's the equivalent of a tax hike, because the costs of tariffs are whether they are Walmart shoppers or that rely
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