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Trump tariffs will cost average US family $1,600 or more per year: analysis

U.S. tariffs are projected to cost the average household over $1,600 annually, according to the Peterson Institute for International Economics .
The tariffs may particularly harm low-income Americans, with those in the lowest income quintile seeing a 2.7% reduction in after-tax income, per the PIIE report.
Rising food prices are already a concern, with families spending an average of $993 a month on groceries, reflecting broader supply chain issues and inflation trends, according to the Department of Agriculture.
Trade experts warn these tariffs could disrupt supply chains and increase prices for everyday goods, raising concerns about economic impacts, including potential job losses and increased inequality.

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thetowntalk.com

Why Trump's tariffs will negatively impact Louisiana businesses and raise consumer costs

Trump's tariffs on imported goods cause negative effects for Louisiana businesses and residents. A potential trade war could make it worse. What it means.

4 days ago

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The Hub

Need to Know: Trump’s tariffs could take over $1,200 out of the average American family’s bank account

The post Need to Know: Trump’s tariffs could take over $1,200 out of the average American family’s bank account appeared first on The Hub.

4 days ago

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Welt

USA: How debt makes the world's most powerful country falter

Donald Trump's tariffs will continue to push up consumer prices in the US, but there are even other problems that threaten, and the biggest could undermine the sovereignty of the US.

5 days ago·Dortmund, Germany

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Novinky.cz

Price hikes in the US have picked up pace with the advent of Trump

US inflation accelerated to three percent year-on-year in January. It was the highest since last summer. It made eggs more expensive, but also other foods, drinks, gasoline and accommodation. According to economists, the increase in prices was also supported by the announced higher US tariffs. After their implementation, President Donald Trump will hardly fulfill his campaign promises to reduce inflation, they believe.

5 days ago

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abc10 News

USD Economist explains how tariffs will trickle down to consumers

Consumers could see increases in costs of machinery, electronics, gas, food, and alcohol… if president trump’s tariffs go into effect.

5 days ago·Poway, United States

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Quartz

Costco defies Trump's tariff concerns – but the stock still slips

Costco (COST) shoppers are on a bulk-buying spree, snapping up groceries, home furnishings and electronics, as the retailer defies growing concerns over rising tariffs and living costs.Read more...

6 days ago·United States

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