Trump's Destructive Tariff Proposals Will Make Us All Poorer [Yahoo! Finance]
Graham Holdings Company (GHC)
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Source: Yahoo! Finance
passed when he was in the White House, which are due to expire next year. That would not just be welcomed by the many Americans who would benefit, it could boost economic activity. But there's a big problem: The protectionist tariffs favored by Trump would undo the good done by his tax cuts, reducing rather than increasing prosperity. Tariffs Not Seen Since the Great Depression "Former President Donald Trump's proposals to impose a universal tariff of 20 percent and an additional tariff on Chinese imports of at least 60 percent would spike the average tariff rate on all imports to highs not seen since the Great Depression," warns Erica York of the Tax Foundation. Trump has actually been a little vague on the size of his universal tariff, first floating it at 10 percent while allowing "it may be more than that," and then upping the ante to 20 percent . Either way, it's a cost that ends up being largely paid by Americans in terms of higher retail prices and more expensive imported
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GHC
Sec Filings
- 11/14/24 - Form 4
- 11/14/24 - Form 13F-HR
- 11/8/24 - Form 4
- GHC's page on the SEC website