#TrumpTariffs

GDP and Wages: The Penn Wharton Budget Model projects that these tariffs could reduce the long-run U.S. GDP by about 6% and wages by 5%, translating to a $22,000 lifetime loss for a middle-income household .

Sectoral Effects: While manufacturing output is expected to increase by 1.5%, sectors like construction and agriculture could decline by 1.5% and 3.1%, respectively .

Inflation: Despite initial fears, inflation remained moderate in April 2025, with the Consumer Price Index rising at a 2.3% annual rate. This was partly due to companies stockpiling goods before the tariffs took effect .#TrumpTariffs