Here’s what could get significantly more expensive under Trump’s tariff plan
3 months ago

Here’s what could get significantly more expensive under Trump’s tariff plan

CNN  

New York CNN — Import taxes are set to spike under the incoming Trump administration, forcing Americans to pay more for everything from foreign-made sneakers and toys to food, according to new research. “President Trump will work quickly to fix and restore an economy that puts American workers first by re-shoring American jobs, lowering inflation, raising real wages, lowering taxes, cutting regulations, and unshackling American energy.” From autos to avocados The Peterson Institute analysis found that consumers will face higher costs for imported goods, including electrical devices, toys and sporting goods. Trump’s proposed tariffs on Mexico and Canada would have the biggest impact on prices for autos, vegetables, fuel, prepared food and animal products, the Peterson Institute found. “Higher tariffs on Mexico and Canada will…put upward pressure on US food prices,” the Peterson Institute paper said. “American consumers and firms will bear the effect of higher tariffs, with substantial cost for the average American household, and a burden that falls more heavily on lower income households,” the Peterson Institute researchers concluded.

History of this topic

Tesla Tells Trump Administration It’s Worried About Tariff Trade Wars
1 day, 18 hours ago
U.S. President Donald Trump's 25% tariffs on all steel, aluminum imports go into effect
Trending News
4 days, 9 hours ago
China strikes back at Trump tariffs with 15% levies targeting US farmers
5 days, 23 hours ago
China’s retaliatory tariffs on US to come into effect today as trade war takes shape
6 days, 15 hours ago
China strikes back at Trump tariffs with 15% levies targeting US farmers
6 days, 16 hours ago
China strikes back at Trump tariffs with 15 per cent levies targeting US farmers
6 days, 16 hours ago
Trump downplays business concerns about uncertainty from his tariffs and prospect of higher prices
Top News
1 week ago
Trump downplays business concerns about uncertainty from his tariffs, prospect of higher prices
1 week ago
Global Trade War: China Slaps Fresh Tariffs On Agricultural And Food Products From Canada
Trending News
1 week, 1 day ago
China tariffs aimed at Trump fan base but leaves wiggle room
Trending News
1 week, 2 days ago
Trump's Erratic Trade Policies Are Baffling Businesses, Threatening Investment And Economic Growth
1 week, 2 days ago
Opinion: China stands guard amid Trump's tariff squeeze
1 week, 2 days ago
Spooked China Exporters Say US Consumers Will Share Tariff Pain
1 week, 2 days ago
Trump’s erratic trade policies are baffling businesses, threatening investment and economic growth
1 week, 3 days ago
Toys are expected to cost more by fall due to new US tariffs on Chinese imports
1 week, 3 days ago
Trump wants US to make more, Xi wants China to spend more: Both aim to tame headwinds
1 week, 3 days ago
Deluge of Trump tariffs seen hitting household budgets
1 week, 3 days ago
‘Bear with me': Donald Trump’s message to US farmers and consumers bracing for tariff effects
Trending News
1 week, 3 days ago
Trump Keeps Flip-Flopping on Tariffs. Here’s What’s Actually Happening.
1 week, 3 days ago
‘Bear with me,’ Trump says as both farmers and consumers brace for tariff effects
1 week, 3 days ago
Adidas CEO warns US tariffs will raise prices and reduce consumer purchases
1 week, 4 days ago
How will Trump's tariffs impact US businesses and consumers?
1 week, 4 days ago
Businesses scramble to contain fallout from Trump’s tariffs on Canada, China, Mexico
Top News
1 week, 4 days ago
Businesses scramble to contain fallout from Trump's tariffs on Canada, China and Mexico
Top News
1 week, 4 days ago
Trump tariff uncertainty overshadows growth promises: analysts
1 week, 4 days ago
Hefty tariffs on Canada, Mexico come into effect
1 week, 4 days ago
Indian exports likely to get a boost as US tightens screws on China, Canada with fresh tariffs | Explained
1 week, 4 days ago
US official says China will 'eat' latest tariffs
1 week, 4 days ago
Trump’s trade war is back on. Here’s how tariffs could hit your wallet
1 week, 4 days ago
Trump tariffs could raise prices of produce from Mexico, Target CEO Brian Cornell warns
1 week, 4 days ago
How Trump's Tariffs Will Disrupt Key Industries in Mexico
55 years, 2 months ago
Trump’s tariffs are now in effect. They’ll impact what businesses buy — and sell you — worldwide
Trending News
1 week, 4 days ago
Retailers warn Americans to pay more after Trump launches trade war: Report
1 week, 5 days ago
China Hits Back At Trump's Tariffs
1 week, 5 days ago
America First: Donald Trump Imposes Fresh Tariffs On Canada, China, Mexico, Triggers Trade War Concerns
1 week, 5 days ago
Tit for Tat: How China, Canada and Mexico are countering US tariffs
1 week, 5 days ago
How economists would enact Trump’s trade goals. Hint: not like this.
1 week, 5 days ago
Trump tariffs usher in new era of protectionism
1 week, 5 days ago
Why Trump's tariffs on China, Mexico, Canada are bad news for the US
1 week, 5 days ago
China slaps extra tariffs of up to 15% on imports of major US farm exports and adds trade limits
1 week, 5 days ago
China slaps 15% tariffs on American goods amid trade tensions with Donald Trump: How will it impact US firms, consumers?
1 week, 5 days ago
After Trump's fresh tariffs come into effect, China announces retaliatory duties of 10-15% on US imports
1 week, 5 days ago
Trump’s new tariffs are set to be his most extreme ever
1 week, 5 days ago
Donald Trump’s tariff war may trigger retaliatory impact as Canada responds: US auto buyers, consumers to take a hit
1 week, 5 days ago
US stock markets tumble before Trump's Canada, Mexico tariffs take effect today
Trending News
1 week, 5 days ago
China slaps extra tariffs of up to 15% on imports of major U.S. farm exports
1 week, 5 days ago
What will cost Americans more from sweeping tariffs on Mexico, China and Canada
1 week, 5 days ago
Trump’s tariffs could plunge Mexico and Canada into a recession
1 week, 5 days ago
Trump's tariffs on Canada, Mexico, and China: How they could raise prices for Americans
1 week, 5 days ago
That extra dab of guacamole on your burrito could cost more because of new tariffs
1 week, 5 days ago

Discover Related