But combined with additional tariffs against other imports from China and retaliatory steps by our trading partners, the measures [President] Trump announced promise to make an impact. …[Moody’s Mark] Zandi calculates that the average American family will pay roughly $320 more this year as a result. The Tax Policy Center estimates that the bottom 20 percent of earners will receive an average tax cut of just $60 this year; the 20 percent of earners above them, just $380. Unfortunately, she seems not to have any sway with the president on tariffs, which both current GOP senators have condemned. The fault lies squarely with the GOP Senate majority and its leader, who will not challenge Trump; so long as Republicans control the Senate, Trump is unlikely to be checked.

Source: Washington Post June 01, 2018 18:39 UTC