by Rick Newman
Yahoo! Finance
Anybody stinging from the sticker shock of inflation during Joe Biden’s presidency should be alarmed at what might be coming if Donald Trump becomes the next president: tariffs on imports that could be even more painful.
Trump wants to impose new tariffs of 20% on most imports, with a 60% tariff on products from China. That’s on top of more modest tariffs Trump already imposed during his presidency. Americans buy $3.8 billion worth of imports every year, more than any other nation. That’s nearly as much as Americans spend on healthcare, and you’ll never hear a presidential candidate promising to raise healthcare costs by adding new taxes.