Trump's Trade War: $2,337 Annual Cost to Middle-Class Families?

The Trump Trade War: A $2,337 Hit to Middle-Class Families? A recent CNN report highlights the ongoing financial burden of President Trump's trade war on American households. CNN anchor Erin Burnett, in a segment featuring Los Angeles Port Director Gene Seroka, illustrated how the average middle-class family faces an annual cost increase of $2,337, even after some tariffs were reduced. Seroka stated, "Every retailer I talked to said they're going to do their level best to pass on the tariff costs to the consumers." This passing on of costs, coupled with a decrease in cargo volume (projected at 20-25% by the end of the month), translates to job losses across various sectors, including dockworkers, truckers, and warehouse staff. The report underscores the lasting impact of trade policies on everyday Americans.