Anyone Got an Extra $300,000 Laying Around?
The Impact - “Never before has an hour of Presidential rhetoric cost so many people so much,” former treasury secretary Lawrence Summers posted. “The best estimate of the loss from tariff policy is now [close] to $30 trillion or $300,000 per family of four.” “The Trump Tariff Tax is the largest peacetime tax hike in U.S. history,” posted former vice president Mike Pence.
The Lies - Economist Paul Krugman points out that the European Union places tariffs of less than 3% on average on U.S. goods, while Trump maintained its tariffs are 39%.
A Fact - economists agree that tariffs are a tax on consumers and will raise inflation and slow down growth
Another Fact - Trump did NOT put tariffs on Russia 
Paul Krugman ends with, 'If you had any hopes that Trump would step back from the brink, this announcement, between the very high tariff rates and the complete falsehoods about what other countries do, should kill them.'
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