Skip to main content
Back to Tariff-driven panic buying distorts Q2 2025 GDP report
4329cef8-a453-4484-8b60-5af075b5377f
Easy
true false

Trump's 2025 tariffs represent the largest tax increase since 1993.

Explanation

True. Trump's tariffs will raise $167.7 billion in 2025, making them the largest tax increase since 1993—larger than tax increases under Obama and George H.W. Bush. This hidden tax falls entirely on A...

Unlock the full explanation

Get deeper insights with Principle Premium

Upgrade to Premium

This question is part of Tariff-driven panic buying distorts Q2 2025 GDP report. 5 more questions available.