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Story summary
- U.S. President Donald Trump faces analysts' skepticism about his Thanksgiving claims that tariffs would yield dividends and that income taxes would be abolished.
- Analysts say the costs could reach $300 billion to $2.6 trillion annually, while current tariff revenues around $195 billion would not cover these dividends.
- The effective tariff rate has risen, and critics warn that further increases would burden consumers and raise government debt.
