By Ron Pulcer

In December, I wrote about President Trump’s tariff threats (“Tariffs are weapon of math destruction”). Tariffs are effectively a sales tax on products from other nations, typically for specific industries. If you don’t like Vermont’s 6% sales tax plus 1% local option tax for education, you won’t like the Trump tariff tax either. If you have 401K retirement savings, you won’t like TTT, given recent stock market volatility.

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