Trump’s new trade war would cost middle-class families at least $1,700 a year, report warns | CNN Business

The paper stresses that the $1,700 hit to the typical family is just the minimum impact, as the estimate does not include damage from foreign retaliation, slower economic growth and lost competitiveness. The authors warn the actual impact could be twice as high. 

"This is the tip of the iceberg," Clausing, chair in tax law and policy at the UCLA School of Law, told CNN in a phone interview. "The cost of retaliation will be very large. The Europeans will tariff us. The Mexicans and Canadians will be very upset. People aren't going to take it lying down."…

https://www.cnn.com/2024/05/21/business/trump-trade-war-tariffs-china/index.html