Trade Policy

Tariffs are paid by American importing companies and passed to consumers as higher prices. The Tax Foundation estimated Trump's 2018 tariffs cost the average U.S. household $800 to $1,200 per year — a regressive tax hitting working families hardest.

A multistate coalition of attorneys general filed suit to block President Trump's latest round of import taxes. The case might win on the constitutional merits, but it won't help the small business owner trying to make payroll this Friday.