How much will the trade war cost you by the end of the year?

By how much? About $460 over a year for the average family, according to an analysis from the economists Kirill Borusyak at University College London and Xavier Jaravel and at the London School of Economics.

Advertisement

Across the income spectrum, the tariffs may cost up to $970 for America’s wealthiest households and as low as $340 for its poorest. These estimates includes tariffs enacted so far as well as proposed increases for later this year.

Join the conversation as a VIP Member

Trending on HotAir Videos

Advertisement
Advertisement
Advertisement