Donald Trump
Trump’s trade plan is set to have a major impact on American families, costing them $1,500 each.
– Iowa’s congressional delegation blames President Joe Biden for inflation
– A study warns that Donald Trump’s plan for a universal 10% tariff on all foreign imports would raise taxes on the typical American household by $1,500 a year
– The Center for American Progress Action Fund conducted the study
– Even conservatives are alarmed by Trump’s plans for a new trade war
– The 10% universal tariff plan would raise taxes by more than $300 billion a year
– Trump’s trade war previously damaged Iowa’s economy, especially the American soybean market
– The CAP study projects a $90 increase in food costs, $90 increase for prescription drugs, and a $120 increase on gas and petroleum products
– Iowa’s congressional delegation is not standing up for farmers or Iowa families who would be affected by the tariff
– Trump’s allies in Iowa need to explain their support for his policies
– The CAP study and warnings from economists and market analysts make it clear that Trump’s trade policies will cost Americans more money.
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