July 5, 2025
Treasury data shows tariffs cost households $1,200 as Commerce Department spreads false claims
Tariffs cost families $1,200 as tech allies invest in job-killing robots
đTradeđEthicsđ°Economy
Trump's tariffs cost the average American household $1,200 annually according to Tax Foundation, Peterson Institute, and other economic analyses
US importers pay 80-95% of tariff costs, passing them to consumers through higher pricesânot foreign countries as Trump claims
Karoline Leavitt's claim that tariffs are 'tax cuts' earned FALSE rating from PolitiFact; 94-95% of economists agree tariffs reduce economic welfare
Trump's deny-then-reverse pattern on tariff pauses created 9.5% S&P 500 surge in one day, the biggest gain since 2008
45% of US imports are intermediate manufacturing goods that American companies need to compete globally
From 1997-2024, the US lost 5 million manufacturing jobs; modern factories use robots for work humans used to do
Cato Institute warns Trump tariffs approach Smoot-Hawley levels that triggered Great Depression and global trade war
đTradeđEthicsđ°Economy
Test Your Knowledge
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Q1
How much do Trump's new tariffs cost the average American household per year?
Q2
How much could tariffs add to the cost of building a new home?
Q3
What percentage of U.S. imports are "intermediate goods" that manufacturers need to compete globally?
Q4
According to economists, what percentage of tariff costs are typically passed to consumers?
Q5
According to the Heritage Foundation, how much money could Americans save monthly if all tariffs were eliminated?
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Donald Trump (President making false tariff claims)
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Karoline Leavitt (White House Press Secretary falsely calling tariffs 'tax cuts')
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