Trump says 'can't guarantee' tariffs won't raise prices
Top News
1 week, 6 days ago

Trump says 'can't guarantee' tariffs won't raise prices

China Daily  

US President-elect Donald Trump said in an interview aired on Sunday that he could not "guarantee" consumer prices would not rise under his proposed tariffs, while US economists and companies have called for no more increased tariffs. Although he said he disagrees with economists' contention that consumer prices would rise with increased tariffs, he said in an interview on NBC's Meet the Press: "I can't guarantee anything. In an article published on the Harvard Business Review website on Wednesday, Gordon Hanson, a professor at the Harvard Kennedy School and one of the authors of a paper that studied the effects of the trade war, said: "The Trump administration had promised that enacting tariffs on China would bring manufacturing jobs back to the United States, and that we didn't really need to worry about Chinese retaliation. During an earnings call on Wednesday, Michael Creedon, CEO of discount retailer Dollar Tree in Virginia, said increased tariffs could lead the company to alter its product offerings.

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History of this topic

Trump says he’s ‘can’t guarantee’ tariffs won’t hurt Americans
1 week, 6 days ago

Trump says he’s ‘can’t guarantee’ tariffs won’t hurt Americans

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “I can’t guarantee tomorrow.” But Trump noted that he doesn’t “believe” the warning by …

Tariffs bad for business, bad for US firms and consumers, and bad for all trading partners
1 week, 6 days ago

Tariffs bad for business, bad for US firms and consumers, and bad for all trading partners

China Daily  

To those worrying about the uncertainties heralded by a new incoming United States administration and the president-elect's unpredictability, there is one thing at least that is predictable: He will continue wielding the baton of tariffs. Because as the accumulative effects of the tariffs he imposed in his first term and the subsequent ones that the Joe Biden administration has added …

Trump says 'can't guarantee' tariffs won't raise prices
Top News
1 week, 6 days ago

Trump says 'can't guarantee' tariffs won't raise prices

China Daily  

US President-elect Donald Trump speaks during a meeting with House Republicans at the Hyatt Regency hotel in Washington, DC on Nov 13, 2024. US President-elect Donald Trump said in an interview aired on Sunday that he could not "guarantee" consumer prices would not rise under his proposed tariffs, while US economists and companies have called for no more increased tariffs. …

Trump says 'can't guarantee' tariffs won't raise prices
Top News
1 week, 6 days ago

Trump says 'can't guarantee' tariffs won't raise prices

China Daily  

By HENG WEILI in New York | China Daily | Updated: 2024-12-10 10:18 US President-elect Donald Trump speaks during a meeting with House Republicans at the Hyatt Regency hotel in Washington, DC on Nov 13, 2024. US President-elect Donald Trump said in an interview aired on Sunday that he could not "guarantee" consumer prices would not rise under his proposed …

Trump "can't guarantee" his tariffs won't raise prices for American families
Top News
2 weeks ago

Trump "can't guarantee" his tariffs won't raise prices for American families

Salon  

President-elect Donald Trump on Sunday said he “can’t guarantee” that American consumers won’t pay higher prices under his proposed tariff plan in an interview on NBC’s “Meet the Press.” “I can’t guarantee anything. I can’t guarantee tomorrow,” Trump told NBC News host Kristen Welker after she asked him whether he could guarantee American families won’t pay more if he chooses …

Donald Trump 'Can't Guarantee' Tariffs Won't Cost Americans More
2 weeks ago

Donald Trump 'Can't Guarantee' Tariffs Won't Cost Americans More

Huff Post  

LOADING ERROR LOADING Donald Trump says he can’t guarantee his plan to impose sweeping tariffs on America’s top trade partners won’t hurt people’s pocketbooks. I can’t guarantee tomorrow.” But during his first major interview since November’s election, he told host Kristen Welker he still believed imposing tariffs on goods from China, Canada, Mexico and beyond would “cost Americans nothing,” contrary …

Trump says he can’t guarantee tariffs won’t raise U.S. prices, won’t rule out revenge prosecutions
2 weeks, 1 day ago

Trump says he can’t guarantee tariffs won’t raise U.S. prices, won’t rule out revenge prosecutions

LA Times  

President-elect Donald Trump takes the stage before he speaks at the Fox Nation Patriot Awards on Thursday in Greenvale, N.Y. Donald Trump said he can’t guarantee that his promised tariffs on key U.S. foreign trade partners won’t raise prices for American consumers and he suggested once more that some political rivals and federal officials who pursued legal cases against him …

What Items Should You Buy Before Trump's Tariffs Kick In?
2 weeks, 4 days ago

What Items Should You Buy Before Trump's Tariffs Kick In?

Huff Post  

Illustration: Damon Dahlen/HuffPost; Photos: Getty Sharp tariff proposals could cause prices of apparel, toys, furniture, household appliances, footwear and travel goods to spike “significantly” next year, according to the National Retail Federation. Bloomberg via Getty Images “There’s still a lot of uncertainty about what goods might face new tariffs, and even when tariffs are implemented, their impact on consumer prices …

Fox News anchor suggests people need to get ‘realistic’ about Trump tariffs: ‘Who’s going to pay for that? We are!’
3 weeks, 3 days ago

Fox News anchor suggests people need to get ‘realistic’ about Trump tariffs: ‘Who’s going to pay for that? We are!’

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Fox News anchor Julie Banderas was “realistic” on Thursday about …

Trump's tariffs could cost American families $2,600 more a year
3 weeks, 3 days ago

Trump's tariffs could cost American families $2,600 more a year

Firstpost  

Even as US President-elect Donald Trump has pitched tariffs as the solution to everything, tariffs are most likely going to raise the cost for average American families and reduce their after-tax incomes, according to economists Republican presidential nominee and former US President Donald Trump speaks at the Bitcoin 2024 event in Nashville, Tennessee, US, July 27, 2024. On the campaign …

Trump's Tariffs In His First Term Did Little To Alter Economy — But This Time May Be Different
3 weeks, 4 days ago

Trump's Tariffs In His First Term Did Little To Alter Economy — But This Time May Be Different

Huff Post  

LOADING ERROR LOADING WASHINGTON — Donald Trump loved to use tariffs on foreign goods during his first presidency. Republican presidential nominee former President Donald Trump listens during a campaign rally at Santander Arena, Monday, Nov. 4, 2024, in Reading, Pa. via Associated Press Trump also posted on Monday that Chinese imports would face additional tariffs of 10% until Beijing cracks …

Trump’s tariffs in his first term did little to alter the economy, but this time could be different
Trending News
3 weeks, 4 days ago

Trump’s tariffs in his first term did little to alter the economy, but this time could be different

Associated Press  

WASHINGTON — Donald Trump loved to use tariffs on foreign goods during his first presidency. House Democrats put together legislation to strip a president’s ability to unilaterally apply tariffs this drastic, warning that they would likely lead to higher prices for autos, shoes, housing and groceries. Trump’s first term tariffs had a modest impact on economy Trump imposed tariffs on …

'Mind boggling': CEO puts Trump on notice he's on the way to 'higher prices and inflation'
3 weeks, 5 days ago

'Mind boggling': CEO puts Trump on notice he's on the way to 'higher prices and inflation'

Raw Story  

Donald Trump's threatened tariff plan will result in higher shoe prices, according to a retail industry trade group CEO. Matt Priest, CEO of Footwear Distributors and Retailers of America, appeared on CNN on Wednesday to discuss Trump's plan to install high tariffs on foreign goods. "So if you think about a kid's shoe making its way across the border, any …

What Trump’s new tariff threats mean for the US economy
Trending News
3 weeks, 5 days ago

What Trump’s new tariff threats mean for the US economy

Live Mint  

The stiff duties that President-elect Donald Trump threatened against the U.S.’s neighbors and big trading partners, along with the additional tariffs he promised against China, could raise prices for Americans on everything from fresh fruit from Mexico to lumber from Canada and Chinese electronics. Trump’s promise to impose 25% tariffs on Canada and Mexico and an additional 10% on Chinese …

Trump's tariff war could cost Americans more than $3,200 a year, experts claim
3 weeks, 5 days ago

Trump's tariff war could cost Americans more than $3,200 a year, experts claim

Daily Mail  

American consumers would bear the brunt of Donald Trump's proposed tariffs, new analysis showed on Tuesday night as the world braced for a new era of U.S. protectionist policies. Trump proposed tariffs including the threats made to China, Mexico and Canada on Monday could lead to an increase in costs for every consumer annually, analysis found But even before the …

Trump's Truth Social rant suggests he'll "intentionally raise prices for the American people"
3 weeks, 6 days ago

Trump's Truth Social rant suggests he'll "intentionally raise prices for the American people"

Salon  

Donald Trump, who won in part due to inflation that peaked two years ago, campaigned on a policy of making everything from vegetables to televisions more expensive, suggesting a plurality of voters either did not understand tariffs — and the rippling economic impact of raising taxes on imported goods — or simply did not believe the Republican candidate would follow …

Trump’s proposed tariffs could bring higher prices for groceries, cars and clothing
3 weeks, 6 days ago

Trump’s proposed tariffs could bring higher prices for groceries, cars and clothing

LA Times  

A customer shops for groceries in January in Wheeling, Ill. Prices for consumer goods could rise across the board if new tariffs are imposed once President-elect Donald Trump takes office next year. “If we get tariffs, we will pass those tariff costs back to the consumer,” Phil Daniele, chief executive of AutoZone, said in the company’s most recent earnings call. …

Walmart And Lowe's Warn That Trump's Tariffs May Cause Price Hikes
1 month ago

Walmart And Lowe's Warn That Trump's Tariffs May Cause Price Hikes

Huff Post  

LOADING ERROR LOADING The vast tariffs President-elect Donald Trump has promised to implement will likely lead to price increases at major American retailers like Walmart and Lowe’s, the companies’ chief financial officers said this week. But there probably will be cases where prices will go up for consumers.” The company confirmed Rainey’s take in a statement given to Reuters: “We’re …

Walmart says price hikes likely if Trump tariffs take effect
1 month ago

Walmart says price hikes likely if Trump tariffs take effect

Salon  

Walmart is the latest company warning of price increases if President-elect Donald Trump follows through on a plan to significantly expand tariffs. But there probably will be cases where prices will go up for consumers.” Rainey said it’s too soon to say which products would be affected, but he told CNBC about two-thirds of the retailer's items are not subject …

Retailers are already preparing for Trump’s tariffs that threaten to upend the economy
1 month, 2 weeks ago

Retailers are already preparing for Trump’s tariffs that threaten to upend the economy

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “The adoption of across-the-board tariffs on consumer goods and other non-strategic imports amounts to …

Why Donald Trump’s return to power could make living in America costlier
Trending News
1 month, 2 weeks ago

Why Donald Trump’s return to power could make living in America costlier

Firstpost  

Donald Trump, who will return as the 47th President of the United States, was the clear choice for voters concerned about the economy and inflation. However, experts say Trump’s avowed policies of imposing tariffs on goods from China and Mexico and launching an immigration crackdown on millions of undocumented immigrants are likely to send inflation soaring Donald Trump’s return to …

'Bear the burden': CEOs warn major price hikes already planned to offset Trump tariffs
1 month, 3 weeks ago

'Bear the burden': CEOs warn major price hikes already planned to offset Trump tariffs

Raw Story  

A slew of businesses across the U.S. say they're preparing to spike prices should former President Donald Trump regain the White House in 2025, the Washington Post reported Wednesday. While Trump claimed foreign companies will pay the tariffs, the U.S. Customs and Border Protection agency demands American purchasers pay when their products enter the country, according to the Post. “We …

Donald Trump’s tariff talk is leverage, suggests billionaire
1 month, 3 weeks ago

Donald Trump’s tariff talk is leverage, suggests billionaire

The Telegraph  

Last month, Trump raised the stakes when he said John Deere, the machinery manufacturer, could be hit with a punitive tariff of 200 per cent if it went ahead with plans to shift some production to Mexico and then tried to export any goods back to the US. But Mr Paulson, a hedge fund billionaire who has been widely touted …

How Trump tariff threats might plunge Mexico into recession and stoke immigration
1 month, 3 weeks ago

How Trump tariff threats might plunge Mexico into recession and stoke immigration

LA Times  

If former President Trump is reelected and follows through with his promise to slap new tariffs on all imports to the U.S., experts say much of the global economy could be upended. Harris says it could be higher, adding nearly $4,000 a year to the typical household’s bills, an increase she calls a “Trump sales tax.” It’s difficult to say …

Trump's Economic Plans Would Actually Worsen Inflation, Experts Warn
2 months, 1 week ago

Trump's Economic Plans Would Actually Worsen Inflation, Experts Warn

Huff Post  

LOADING ERROR LOADING WASHINGTON — With characteristic bravado, Donald Trump has vowed that if voters return him to the White House, “inflation will vanish completely.” It’s a message tailored for Americans who are still exasperated by the jump in consumer prices that began 3 1/2 years ago. Sixteen Nobel Prize-winning economists signed a letter in June expressing fear that Trump’s …

Trump's economic plans would worsen inflation, experts say
2 months, 1 week ago

Trump's economic plans would worsen inflation, experts say

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Sixteen Nobel Prize-winning economists signed …

How Trump’s tariffs would work
2 months, 1 week ago

How Trump’s tariffs would work

CNN  

Washington CNN — When President-elect Donald Trump returns to the White House, tariffs are likely to once again play a major role in his policy agenda. On the campaign trail, Vice President Kamala Harris referred to her then-opponent’s tariff policy as a “Trump Tax.” Several independent studies have found that if Trump implements an across-the-board tariff and increases duties on …

How Trump’s tariffs would work
2 months, 1 week ago

How Trump’s tariffs would work

CNN  

Washington CNN — When President-elect Donald Trump returns to the White House, tariffs are likely to once again play a major role in his policy agenda. On the campaign trail, Vice President Kamala Harris referred to her then-opponent’s tariff policy as a “Trump Tax.” Several independent studies have found that if Trump implements an across-the-board tariff and increases duties on …

"Misleading": Trump touts tariffs as miracle cure-all — but Americans stand to lose the most
2 months, 4 weeks ago

"Misleading": Trump touts tariffs as miracle cure-all — but Americans stand to lose the most

Salon  

As ghosts and monsters prepare to strike this Halloween, Americans might find that what haunts them most are not the ghouls at the door—it's the price tags at the store. As stubborn inflation has eased, former President Donald Trump and President Joe Biden may spook Americans all over again by slapping tariffs on pretty much everything that dares cross U.S. …

Experts: More tariffs will be costly to US consumers
3 months ago

Experts: More tariffs will be costly to US consumers

China Daily  

American consumers could soon be stung with rising costs for buying imported goods, warn economists and retail trade organizations, after the Biden administration finalized tariff increases on certain products made in China. "Lower-income US consumers will face the biggest consequences from the new tariff hikes," Thomas Fullerton, an American economist and economics professor at the University of Texas at El …

Trump likely wouldn’t need Congress to approve his most controversial trade policy
3 months, 1 week ago

Trump likely wouldn’t need Congress to approve his most controversial trade policy

CNN  

New York CNN — It’s easy to dismiss many presidential candidates’ campaign promises as empty, because Congress would need to approve them. ‘Crazy’ proposal on tariffs Although he cautioned that it’s unclear under what conditions Trump would impose 100% tariffs, Obstfeld said such high levies would raise prices on consumers – especially if they were applied widely. Christine McDaniel, a …

“Do you believe Americans can afford higher prices?": Trump's food tariffs criticized in debate
3 months, 1 week ago

“Do you believe Americans can afford higher prices?": Trump's food tariffs criticized in debate

Salon  

The word "food" was mentioned only twice in Tuesday’s presidential debate between Vice President Kamala Harris and former president Donald Trump. Yet, it quickly became clear that policy discussions would be secondary to performance last night, something Jon Stewart noted in his “The Daily Show” wrap-up of the debate: “After surviving the PTSD of the last presidential debate, how unbelievably …

Conservative admits Trump’s policies 'would result in price spikes' for most Americans
6 months, 2 weeks ago

Conservative admits Trump’s policies 'would result in price spikes' for most Americans

Raw Story  

One plank of former President Donald Trump's 2024 campaign is lowering prices for gas and groceries, which remains a top concern of most American voters. But at least one economic expert is doubtful that Trump's policies would do anything to make goods more affordable — in fact, he says prices will likely jump even higher under a second Trump administration. …

Decoding Trump's 10% tariff plan
10 months, 3 weeks ago

Decoding Trump's 10% tariff plan

China Daily  

Former US president Donald Trump speaks at a caucus site in Clive, Iowa, the United States, Jan 15, 2024. This bold, protectionist move, aiming to boost American manufacturing, could have profound implications for the US economy, disrupt global trade, and add a new dimension to the already complex and tense US-China relationship. As the world's largest economy running the world's …

Decoding Trump's 10% tariff plan
10 months, 3 weeks ago

Decoding Trump's 10% tariff plan

China Daily  

Former US president Donald Trump speaks at a caucus site in Clive, Iowa, the United States, Jan 15, 2024. This bold, protectionist move, aiming to boost American manufacturing, could have profound implications for the US economy, disrupt global trade, and add a new dimension to the already complex and tense US-China relationship. As the world's largest economy running the world's …

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