New tariff policy may drive up prices, American public: Government turns a blind eye to ordinary people

Golden Finance reports that the new tariff policy recently announced by the U.S. government has raised concerns among American economic analysts. They predict that the new tariff policy will further drive up prices in the U.S., placing a greater burden on consumers. The Tax Foundation, a U.S. think tank, estimates that the average import tax in the U.S. will soar from 2.5% last year to 19% this year, the highest level since 1933. The foundation also stated that the after-tax income of American wage earners will decrease by an average of 2.1% this year, while the average annual consumption of American households will increase by $2,100. JPMorgan analysts pointed out that the new tariff policy will make Americans pay an additional $660 billion in taxes over the year. Prices will soar again, and the long-standing high inflation rate in the U.S. will be pushed up once more.