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Trump's trade war could cost every middle-class American family $453 and could eliminate 292,000 US jobs
President Donald Trump's trade battles are projected to hit middle-class families hard, according to a new study, especially if the president follows through on all of his threats. According to a report from the conservative-leaning Tax Foundation, current tariffs will cause a squeeze for middle-class Americans — and lead to fewer jobs in the US. The think tank also estimated that the economic pain of the tariffs would get much worse in the event Trump follows through on all tariffs he has threatened.