New tariff policies may drive up prices, American public: Government turns a blind eye to ordinary people.

Golden Finance reports that the new tariff policy recently announced by the U.S. government has raised concerns among American economic analysts. They predict that the new tariff policy will further drive up prices in the U.S., placing a greater financial burden on consumers. The Tax Foundation, a U.S. think tank, estimates that the average import tax in the U.S. will soar from 2.5% last year to 19% this year, the highest level since 1933. The foundation also stated that after-tax income for American wage earners will decline by an average of 2.1% this year, while the average annual consumption for ordinary American families will increase by $2,100. JPMorgan analysts point out that the new tariff policy will result in Americans paying an additional $660 billion in taxes over the year. Prices will soar again, pushing up the already persistently high inflation rate in the U.S.