TAX COLLECTOR FOR THE ETHNOSTATE:

The CBO, a nonpartisan congressional research arm, projected that the tariffs imposed by the Trump administration and retaliatory tariffs imposed by countries like China will reduce economic growth while increasing prices to consumers.

"Tariffs are expected to reduce the level of real GDP by roughly 0.5 percent and raise consumer prices by 0.5 percent in 2020. As a result, tariffs are also projected to reduce average real household income by $1,277 (in 2019 dollars) in 2020," the report said. The figure is more than double the $580 projection in last year's CBO report.

By comparison, the median American household pays about $2,000 in federal income taxes, meaning the trade war effectively amounts to a tax hike of more than 60%.

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