Los Angeles Times

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 ...
Former President and 2024 presidential hopeful Donald Trump speaks at a "Get Out the Vote" Rally in Conway, South Carolina, on Feb. 10, 2024.

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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