The weighted average tariff rate has soared to 19.4%, the highest since 1941, equivalent to an annual tax of $1,300-$3,800 per household. This disproportionately affects low-income families, who are facing an additional $1,700 in costs for essential items like apparel, which has risen by 17%. Small businesses are dealing with 30% increases in input prices, which is causing them to delay investments by 25-32%.
Posted by ATCBob