Back to Tariff-driven panic buying distorts Q2 2025 GDP report
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The Penn Wharton Budget Model projects Trump's tariffs will reduce GDP by % and cost middle-income households $ over their lifetime, which is times worse than raising corporate taxes to .
Explanation
Trump's tariffs will reduce GDP by 6-8% and cost middle-income households $58,000 over their lifetime. Twice as damaging as raising corporate taxes to 36%. Tariffs rank among the most economically des...
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