Are you ready to spend an extra $7,600 a year? You might just have to under Trump’s proposed tariffs

If you take President-elect Donald Trump at his word, things are about to get a lot more expensive. Throughout his campaign, Trump has kept coming back to the concept of tariffs, which are taxes levied on goods imported into the United States. The Trump campaign has yet to release a policy document with specifics but in speeches, Trump suggested a broad array of possibilities, ranging from a 10% to 20% tariff on all imports into the United States from all countries. He also suggested...