#TrumpTariffs

Economic Trade‑Offs: Slow Growth & Higher Prices

Growth dragged down: The World Bank cut global GDP growth projections, partly blaming tariff tensions, and forecasts U.S. growth at just 1.4%–1.6% .

Household hit: According to Penn‑Wharton, Trump’s April tariffs could shrink long‑run U.S. GDP by ~6% and wages by ~5%, costing a middle‑income household ~$22K lifetime . Yale’s Budget Lab estimates show U.S. output down 0.3–0.6% and price levels up between 1.5–2.9%, each costing households $2–4K .

Regressive burden: Lower-income households feel the impact more—tax increases hit poorer deciles disproportionately .