“If Trump’s 5% tariff on Mexican goods takes effect later this month, the president’s trade policies would constitute a bigger tax hike than Bill Clinton’s in 1993,” Axios reports.
“Tariffs already in place against Mexico will increase revenues by $69 billion, the Tax Foundation estimates — or about 0.32% of GDP. Add in the threatened 5% tax on Mexican imports, and that rises to about 0.40% of GDP.”
https://politicalwire.com/2019/06/02/trump-proposes-biggest-tax-increase-in-30-years/
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