Donald Trump insists his sweeping tariffs are making America stronger. In reality, the tariffs are only making Americans poorer. No amount of White House spin can obscure the fact that Trump’s trade policy is, in practice, the largest single tax hike on U.S. businesses and consumers in the nation’s history.

When tariffs drive up costs for importers, those costs cascade down the supply chain until the American consumer is left holding the bag. The result: higher prices on the goods we eat, wear, furnish our homes with and give as gifts during the holidays.

For months, businesses tried to absorb tariff costs, run down inventories purchased at lower rates or haggle with suppliers. With the new tariffs entrenched, more and more companies are concluding they have no choice but to pass on at l

See Full Page