Economists by and large have agreed that tariffs are harmful, ultimately producing no positive results for either the tariff-enacting country or the recipients. Arguably the hardest-hit victims of Donald Trump’s 2025 tariff war are the American people.
Trump’s tariffs have resulted in the most brutally regressive tax possible on Americans. U.S. businesses pay the import tax on foreign goods they purchase and have passed 55 percent of that cost onto consumers in 2025, according to Goldman Sachs.
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