#TrumpTariffs

Donald Trump's tariff proposals aim to raise federal revenue and boost US manufacturing. His plans include ¹:

- *Universal Tariffs*: 10-20% on imports from foreign countries

- *China-Specific Tariffs*: 60% or higher on Chinese imports

- *Retaliatory Tariffs*: Commensurate tariffs on nations with higher tariffs on US exports

These proposals have sparked debate among economists, with some predicting increased costs for Americans and reduced economic growth. Estimated impacts include ¹:

- *Household Costs*: $1,700-$6,000 annual increase

- *Economic Growth*: Potential reduction in GDP

- *Revenue Generation*: $2.8 trillion over a decade

The effectiveness and feasibility of these proposals remain uncertain ².