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If you think eggs are expensive, wait for a new tariff crash. Goldman Sachs estimates tariffs on imported vehicles could raise prices between $5,000 and $15,000. That’s because tariffs are taxes on foreign import taxes paid by U.S. consumers. These tariffs apply to almost every possible product. As a result, energy will be more expensive, and Gasoline price In some parts of the country, the cost per gallon is increased by 70 cents. According to the National Association of Home Builders, single-family homes could be built up to $10,000 due to tariffs. With the tariffs on aluminum, even beer and hard Selzer prices may rise.
Unfortunately, these tax increases in tax You have paid when the tariffs were imposed during the first Trump administration. The Tax Foundation calculates that tariffs between 2018 and 2023 impose an additional $1,753 on U.S. households. Now, tariffs apply to more products, and this time the tax increase will be higher. The Peterson Institute predicts that tariffs could lose $1,200 a year for households each year, while Yale’s Budget Laboratory estimates tariffs will lose $4,200 a year for an average of $4,200 a year.
The fact that tariffs are taxes paid by consumers is not news to the American people. That’s why vehicle sales last month nearly 13% as Americans try to make purchases before 25% of motor vehicles and parts take effect.
Vice President JD Vance said Trump is “taking this economy in a different direction”
Conservatives once publicly acknowledged that tariffs are taxes paid by Americans. Milton Friedman made it clear that the tariffs “raise prices to customers and waste our resources.” Ronald Reagan is also opposed to trade protectionism because it “losts billions of dollars in consumers, hurts the overall economy and destroys jobs.”
But the actions of those who now advocate for tariffs acknowledge the damage caused by tariffs, even if their words do not. Recently, the Agriculture Secretary said the government is preparing plans to mitigate the “economic disaster” of farmers harmed by tariffs, a clear recognition that tariffs will hurt Americans. The first Trump administration Authorized to provide $28 billion in farmers’ aid to offset financial losses caused by tariffs. Do Americans expect hundreds, if not thousands, of dollars, from the government to pay for their increased costs due to tariffs? Of course not.
Tariffs are not only harmful to American families and the national economy; tariffs are also harmful to Republicans.
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Tariffs have been an election disaster for Republicans. The McKinley tariffs in 1890 caused such high prices that Republican Party The House lost nearly 100 seats, and by the end of the next election, the House, the Senate and the White House are in the Democratic Party.
New York shares fell in June on May 28, 1929 when the House passed the Smoot-Hawley tariff. On March 24, 1930, the Senate passed the Smoot-Hawley tariff and triggered a sharp decline in stock prices. And, on June 17, 1930, President Herbert Hoover signed the bill into law, and the stock market was even further away.
The Smoot-Hawley tariffs in 1930 exacerbated the Great Depression and eliminated the Republican Party. By 1933, Republicans had lost more than 100 seats in the House of Representatives and most of their seats in both chambers of Congress.
Even the qualifications and power cannot save the authors and presidents of tariffs, who sign it into law the next time they face voters. Willis, a Republican Congressman in Oregon HolyThe man who served in the house for 26 years was not renamed to return to his seat. Republicans after five terms in the Senate Senator Reed Smoot, Utah residents were defeated in 1932.
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Republicans will wisely rediscover its principles and oppose new and high taxes. My Republicans can do this by supporting my bill, no taxation without representation law, which will Need Congress Approve any president’s proposal to impose tariffs before imposing tariffs.
President Donald Trump posted a comment on tariffs on the Rose Garden in Washington, D.C. on April 2, 2025, holding a “foreign trade barrier” document. (Reuters/Carlos Baria/Archive Photo)
The truth is tariffs. They do not punish foreign governments; they punish American families. When we tax imports, we will increase the price of everything, from groceries to smartphones, washing machines and everything else possible. It’s time to save the American people from high prices and prevent Democrats from returning to power. It’s time to end the tariffs.
