Donald Trump's second-term global tariff push has raised U.S. import taxes to their highest level since the 1930s, inflicting economic pain on American consumers and international economies.Economists and
Democrats on
Congress’ Joint Economic Committee estimate these tariffs have cost the typical American household roughly $1,200, leading to reduced trade, job cuts, and shrinking GDPs in affected countries like
Switzerland,
Japan,
Mexico,
Canada, and
Brazil.