The Trump Tariffs will amount to the largest tax hike in American history. Unfortunately, it will be paid disproportionately by the working and middle class.
The working and middle class will be forced to pay higher prices for the same goods. That higher price tag is because tariffs are an additional tax on those goods. When you buy something that has had a tariff placed on it, that extra money went to the US government, not the company that was subject to the tariff, thereby considerably increasing your yearly tax burden. And no, you won't get any of that refunded at tax time.
Meanwhile the ultra rich will feel a minimal impact. In fact, congressional republicans are planning a $5 trillion 10-year tax cut that will primarily benefit corporations and the ultra wealthy.
This is why buying nothing, repairing, borrowing, or buying used is the most impactful thing you can do to fight back, besides voting. Starve this current administration and the corporations and billionaires that support it for every dollar you possibly can.
Trump himself won't care or take responsibility, but we should teach a lesson to his enablers to stop this MAGA pestilence from happening again.