United States President Donald Trump’s broad array of tariffs on foreign goods has spooked consumers, businesses and the stock market. But what will the specific impact be for typical American consumers?US Senate Minority Leader Chuck Schumer offered a figure on April 27 on CNN’s State of the Union.The Democrat from New York said, as a candidate, Trump never fully explained to voters that tariffs would raise their costs. “It’s estimated it’ll raise the American costs … American families would have to pay about $4,000 more a year,” he said.
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