No it won’t.
HERE IS THE METHODOLOGY FOR CALCULATING THE COST TO EACH FAMILY:
* Estimate the total value of the increased price of goods and services after the tariffs are implemented
* Divide that total value by the average number of families of four.
Based on this estimation, They found that costs will skyrocket if Trump follows through on his threat to extend the tariffs to other goods, including apparel, footwear and consumer electronics. The costs were calculated for one to three years after the tariffs take effect.
Not if they don’t buy crap made in China!
This is laughable. The Free Traitors™ are getting desperate.
It will NOT.
BUT, not confronting China NOW will cost us this country and our LIBERTY!
As opposed to the additional $38,000 in costs if a Democrat gets elected and re-imposes regulations with higher taxes.
No problem, make the rich pay :)
Funny how Time doesn’t care about how much:
Green Energy
Obamacare
Illegals
Minimum wage laws
Regulations
Public unions
Tax increases
Etc
Will cost the average American family
Dating uglier women has shifted any cost increases for me. Cheaper beer too.
When Trump first put these larger tariffs in place, it was all over the news that it could cost the average family over $800, a year.
NOW it’s over $2,000.
And if people still continue to support Trump, I’m sure the media will make it all of sudden expect to cost each family over $4000; give them a week or two! LOL!
This would be upsetting if I didn’t already know that the media is full of shnitt!
Applying static economic analysis to a most dynamic situation is foolish.
Just have everyone shop at Goodwill for the next year and every family will SAVE money. :)
Well, since I am expecting my $2500, a year Obamacare savings to kick-in at ANY moment, I can EASILY afford these tariff costs!
So let’s assume that we go to 25% and China reciprocates if they aren’t already that high. That’s 25% ON (540-120) BILLION = 25%*420b = $105B in annual tariffs revenue for the government.
There are 320 million Americans. But the article was calculating on a family of 4. So 320/4 = 80 million households. $105B/80m = $1310/household.
The article doesn’t pass the smell test.
More importantly the article misses the whole point of the trade war, which is to recover jobs and industries. Putting other Americans back to work, enriching us all.
So let’s assume that we go to 25% and China reciprocates if they aren’t already that high. That’s 25% ON (540-120) BILLION = 25%*420b = $105B in annual tariffs revenue for the government.
There are 320 million Americans. But the article was calculating on a family of 4. So 320/4 = 80 million households. $105B/80m = $1310/household.
The article doesn’t pass the smell test.
More importantly the article misses the whole point of the trade war, which is to recover jobs and industries. Putting other Americans back to work, enriching us all.
BS
Idiots. Only if we buy the most expensive things on the shelves. These dopes think that people don’t or won’t change their buying habits. Like everyone is going to say “I love that cheap chinese stuff...buy chinese!”
I heard abput $780 but that could be family size. But the scary thing about either number is the flow of money from here to there! Also, it presupposes there are no other alternatives. Thats a lot of GDP to repatriate!!!
So silly.
If you don’t buy Chinese junk, it won’t cost you anything.
If you were paying less because China was gutting America, and now you pay market price, well boo hoo for you.
Has Time yet reported that BathHouseBarryCare has cost the average American family around $12,000 a year for the privilege of not being able to afford to go to the doctor?
The MSM only helps the stock markets plunge, so all I have to say is
What stock are you buying?