CLAIM: Trump wants '20% tax on everyday goods' that would cost families 'about $4000 more a year'
Fact Check: True, but needs context
Trump has proposed a universal "10-20%" tariff on all U.S. imports, from cars and electronics to wine, food products and many other goods. He has also proposed a 60% tariff on imports from China. Vice President Harris called the plan "Trump’s sales tax," though the former president has not explicitly proposed such a tax. Independent economists, however, say the proposed import tariffs would unquestionably result in higher prices for American consumers across the board (Tax Foundation, American Action Forum, Tax Policy Center, Center for American Progress, Peterson Institute)>.
The precise financial impact on families is hard to predict and estimates vary widely – from additional annual costs per household of $1,700 to nearly $4,000, depending on the study.
Trump has not called for any tax hikes for American families. He has proposed exempting Social Security benefits and tips from taxation, as well as extending individual tax cuts enacted in 2017.