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Al Jazeera
Al Jazeera
Business

Did Donald Trump impose ‘the largest tax hike in our lifetime’?

Donald Trump Peter Navarro United States Dean Baker Erica York JPMorgan Chase PolitiFact the Tax Foundation
President Donald Trump leaves after signing an executive order at an event to announce new tariffs at the White House, April 2, 2025, in Washington, DC [Evan Vucci/AP]

Politicians and economists say President Donald Trump’s “Liberation Day” tariff rollout amounted to a historic tax increase in the United States.

“Donald Trump just imposed the largest tax hike in our lifetime,” Democratic California Governor Gavin Newsom posted on X on April 2.

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