The ongoing trade war could cost the average American family hundreds of dollars.
div > div.group > p:first-child"> It all depends on how extreme the White House gets with protectionist policies. But Oxford Economics laid out various scenarios that at the high end, could cost U.S. households as much as $800.
In a more extreme example, the firm considered the administration imposing 25% tariffs on all imports from China — not just the current $200 billion. Should China retaliate, Oxford Economics estimates that the U.S. economy would be about $100 billion smaller by 2020. That would translate to an $800 cost per household.
Stocks extended a week-long sell-off Friday after President Donald Trump said there's"absolutely no need to rush" on a trade agreement. He also said tariffs will make the United States"much stronger." Major averages fell near their lows of the day Chinese Vice Premier Liu He left the Office of the U.S. Trade Representative. Treasury Secretary Steve Mnuchin said China trade talks are done for week butwere"constructive.
In a CNBC interview Friday morning, Senator Rick Scott, R-Fla., said while the average Americans might not care about the Dow's triple digit losses, they do pay attention to the job market.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Opinion | How House Democrats' investigations of Trump put Americans at riskTheir obsession with going after the president means he is distracted from serious threats like North Korea and China.
और पढो »
Analysis | The Health 202: Trump will call on Congress to protect Americans from surprise medical billsAnalysis: Trump will call on Congress to protect Americans from surprise medical bills
और पढो »
Americans' support for impeaching Trump rises: Reuters/Ipsos pollNew Reuters/Ipsos poll: The number of Americans who said President Trump should be impeached rose 5 percentage points to 45 percent since mid-April by Cmkahn
और पढो »
Trump gets good marks for economy, but are Americans really feeling it?With key data points and indicators showing a booming economy, 2020 Democrats will have an uphill battle as they make the case: a rising tide has not lifted all boats, and the gap between the wealthy and the rest has only gotten worse.
और पढो »
Trump may redefine poverty, cutting Americans from welfare rollsThe Trump administration may change the way it determines the national poverty threshold, putting Americans living on the margins at risk of losing access to welfare programs.
और पढो »
Opinion | Why don’t Americans want to impeach Trump?Opinion: Why don’t Americans want to impeach Trump?
और पढो »
'Hung jury': Public remains divided over Mueller probe in new NBC/WSJ pollSixty percent of Americans say President Donald Trump has been dishonest in the Russia investigation, but it's a mixed bag on impeachment hearings.
और पढो »
Trump says he had 'a very good call' with Putin, sees 'tremendous potential' for Russia relationshipPresident Donald Trump says the 'Fake News Media' is misleading Americans about the U.S.-Russia relationship.
और पढो »
'Not innocent, not guilty, no consensus' – The Mueller report has not changed Americans' minds about Trump and Russia: NBC/WSJ pollOverall, Trump's public standing remains little changed. The proportion approving of the president's job performance has ticked up slightly to 46%, while 51% disapprove. But his job rating has moved within a narrow band for some time now.
और पढो »
A quarter of Americans don't trust Census on citizenship: Reuters/Ipsos pollThe Trump administration has repeatedly assured Americans that it will not use d...
और पढो »