Commentary: Trump's tariff plan will hurt U.S. consumers

Contributing sentiments towards policy:

56% : Trump has proposed a new 10% baseline tariff on all imported goods, a substantial increase over the current average U.S. tariff of 3%.
42% : So when Trump announced in December 2018 that "I am a tariff man," he was also saying "I am a tax man.
42% : Further, Trump plans to impose a 60% tariff on all Chinese imports.
36% : Fifth, Trump intends to impose a lot more tariffs.
35% : Trump 2.0 will increase the trade deficit.
35% : In 2018, Trump famously stated that "trade wars are good and easy to win."
34% : For example, during his first term, Trump imposed significant tariffs on imports of steel, despite the fact that it represents a tiny fraction of total U.S. employment (approximately 0.09 percent in 2023).
33% : During his first term, Trump initially imposed tariffs on $50 billion worth of imports from China.
26% : In the end, Trump placed tariffs on $350 billion of imports from China and was forced to bail out U.S. farmers with over $20 billion in support.
12% : Despite all of this, Trump has recently doubled down on his failed tariff policies, invoking William McKinley and his Tariff Act of 1890 in defense.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.