Trump's tariffs are costing Americans $1.4 billion each month, study shows

President Donald Trump’s trade policies and tariffs reduced U.S. income at a rate of $1.4 billion per month by the end of last November, according to new research from the Federal Reserve Bank of New York, Princeton University, and Columbia University. The collaborative study found that businesses and consumers saw “substantial increases” in the price of goods throughout last year, including a “complete passthrough” of U.S.-imposed tariffs onto imported items.
Read more: https://www.nbcnews.com/business/economy/trump-s-tariffs-are-costing-americans-1-4-billion-each-n987336?source=Snapzu