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New extreme trade taxes could hit American families hard, raising the prices of essential products and services.
Advertising Disclosure: When you buy something by clicking links within this article, we may earn a small commission, but it never affects the products or services we recommend. American households are bracing for a significant financial hit as new tariffs threaten to drain nearly $5,000 annually from family budgets, according to a comprehensive April 2025 study by The Budget Lab.
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