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dark skies over Washington D.C. and capitol building Senate Majority Leader Mitch McConnell urged the administration this week to delay imposing the tariffs until Republicans in Congress could plead their case to Trump. Most Senate Republicans have objected to Trump’s use of tariffs. (Photo: Fotolia)

(Bloomberg) –President Donald Trump’s trade wars have already wiped out all but $100 of the average American household’s windfall from Trump’s 2017 tax law. And that’s just the beginning.

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