'This is a direct tax on the American people,' trade economist Tori Smith, of the conservative Heritage Foundation, warned.
When asked specifically about Trump's threat to further increase tariffs on China if a trade agreement is not reached soon, Smith said that American consumers would feel the financial burden."This is a direct tax on the American people that will be felt much heavier than previous iterations," she said, pointing out that the additional levies would target goods ranging from electronics to items for babies and children.
"So far our consumer is paying nothing," Trump claimed in an August tweet, arguing that the trade war with China was"going along very well." Later that month, Trump reiterated the same assessment.at the time. Trump argued that the impact on American consumers was"virtually none.
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