For who?
Under President Joe Biden, the net worth of the bottom 50pc of American households grew by 8.5pc in real terms. Under Donald Trump, from January 2017 to January 2021, it grew by 127pc. Americans saw their average disposable incomes grow almost 12pc under Trump. The equivalent figure for Biden is 4pc.
The Federal Reserve pointed out income growth since 2020 has been “quite significantly” below its long term average. When Trump left office, inflation was around 1.4pc. Under Biden’s tenure it went over 9pc, with energy prices rising almost 42pc year-on-year.
People know what their family finances are like - and the fact is that under Biden they have struggled.
If anyone thinks they won't struggle under Trump, they're mistaken. Last year, America imported $448 Billion worth of goods from China, all of which are going to increase in price when Trump enacts trade tariffs on all imports. He has said "we are going to tariff the hell out of China". He said he will levy tariffs of 60% to 100% on incoming Chinese goods. That $448 Billion worth of Chinese goods will cost consumers between $716 - $896 Billion as a result.
www.nbcnewyork.com/news/business/money-report/trumps-tariff-plan-why-hes-pushing-for-them-and-how-they-might-end-up-raising-prices/5963832/Electrical Apparatus for Line Telephony or Line Telegraphy $55.22B 2023
Electric Accumulators $15.84B 2023
Television Receivers $6.81B 2023
Electric Heaters; Other Electrothermic Appliances $6.41B 2023
Microphones, Loudspeakers, Headphones $5.36B 2023
Electrical Transformers, Static Converters and Inductors $4.27B 2023
Insulated Wire, Cable and Other Insulated Electric Conductors $3.37B 2023
Electromechanical Domestic Appliances, Self-contained Electric Motor $2.38B 2023
Electrical Apparatus for Switching or Protecting Electrical Circuits $2.27B 2023
Transmission Apparatus For Radiotelephony, Tv, Cameras, Cordless Telephones $2.26B 2023
Electrical Machines and Apparatus, Having Individual Functions $2.14B 2023
Electric filament or discharge lamps, parts $1.97B 2023
Electronic Integrated Circuits and Microassemblies $1.85B 2023
Electric motors and generators (no sets) $1.81B 2023
Bases for Electric Control or the Distribution of Electricity $1.41B 2023
Electromechanical tools, working in hand, parts $1.19B 2023
Radar Apparatus, Radio Navigational Aid Apparatus $859.33M 2023
Portable Electric Lamps $820.92M 2023
Printed circuits $777.43M 2023
Turntables, Record-players $759.07M 2023
Diodes, Transistors and Similar Semi-conductor Devices $722.92M 2023
Electric capacitors, fixed, variable or adjustable (preset) $686.93M 2023
Electric Sound or Visual Signalling Apparatus $666.57M 2023
Electromagnets; Permanent Magnets; Magnet Chucks and Clamps $593.36M 2023
Electrical Lighting or Signalling Equipment, Windscreen Wipers, Demister $571.88M 2023
Parts Switches, Automatic Circuit Breakers, Relays or Connector $547.36M 2023
Electric generating sets and rotary converters $544.31M 2023
Electrical Ignition or Starting Equipment, for Inter Combustion Engines $531.01M 2023
Records, Tapes and Other Recorded Media $497.52M 2023
Prepared Unrecorded Media for Sound Recording $496.15M 2023
Parts for television, radio and radar apparatus $455.17M 2023
Parts, of Motors, of Generators, of Generating Sets, of Rotary Converters $442.70M 2023
Reception Apparatus for Radio-broadcasting $439.67M 2023
Primary Cells and Primary Batteries $357.12M 2023
Shavers and Hair Clippers, With Self-contained Electric Motor $324.15M 2023
Video recording or reproducing apparatus $177.93M 2023
Soldering, Brazing or Welding Machines and Apparatus $155.97M 2023
Electrical insulators of any material $131.60M 2023
Electrical Resistors, Other than Heating Resistors $119.71M 2023
Insulating Fittings for Electrical Machines $117.68M 2023
Electrical Apparatus for Switching or Protecting Electrical Circuits $95.32M 2023
Carbon Electrodes, Carbon Brushes, Lamp Carbons, Battery Carbons $74.47M 2023
Industrial or Laboratory Electric Furnaces and Ovens $50.05M 2023
Electric signal, safety or traffic control equipment $32.29M 2023
Electrical Parts of Machinery or Apparatus $31.03M 2023
Thermionic, Cold Cathode or Photo-cathode Valves and Tubes $21.83M 2023
Parts and Accessories of Apparatus of Sound Reproducing or Recording $12.82M 2023
Magnetic Tape Recorders and Other Sound Recording Apparatus $762.04M 2021