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You are here: Home / 2024 Campaign / Trump’s Tariff Plan Would Cost Families $1,500 Annually

Trump’s Tariff Plan Would Cost Families $1,500 Annually

March 27, 2024 at 8:10 am EDT By Taegan Goddard Leave a Comment

“Donald Trump’s idea to implement a 10% tariff on all imported goods would spike prices by as much as $1,500 annually for American families,” Semafor reports.

“Published by the Center for American Progress Action Fund, the report estimates that yearly costs would rise by $90 for food, $90 for pharmaceutical drugs, and $120 oil-related products like gasoline. The analysis provides an early look at how Democrats will likely use Trump’s trade plans to try and undercut his advantage with voters on the issue of inflation.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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