Did Donald Trump impose ‘the largest tax hike in our lifetime’? | Economy

Politicians and economists say President Donald Trump’s “Liberation Day” tariff rollout amounted to a historic tax increase in the United States.

“Donald Trump just imposed the largest tax hike in our lifetime,” Democratic California Governor Gavin Newsom posted on X on April 2.

Other Democratic politicians made similar claims, including Illinois Governor JB Pritzker, US Senator Chuck Schumer, and US Representative Jared Moskowitz, while Republican Mike Pence called it “the…