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The Guardian - US
The Guardian - US
Comment
Robert Reich

Trump’s tariffs will be paid by the poor – while his tax cuts help the rich

bottles of wine
‘On Thursday, Trump threatened a 200% tariff on all alcoholic products from EU member states.’ Photograph: Jeff Chiu/AP

Donald Trump apparently believes his tariffs will bring so much money to the US treasury that the US will be able to afford another giant Trump tax cut.

But Trump’s tariffs – and the retaliatory tariffs already being imposed on American exports by the nation’s trading partners – will be paid largely by the American working class and poor.

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