Revealed: Trump's tariffs will hit his own businesses — and force him to mark up his merch

Former President Donald Trump's tariff proposal would deliver a punch to the gut to Trump's businesses — and cause MAGA supporters to pay dramatically more for branded merchandise he sells, Newsweek reported Friday.

Trump's signature policy proposal for his 2024 campaign is to replace much of the existing federal tax structure with a broad-based tariff on nearly all goods and services — something that economists have warned would cripple the economy and send prices skyrocketing. Fox News hosts have even questioned him on the plan.