Tariffs will cost families nearly $5K per year, Kentucky governor says

As tariffs loom, Kentucky relies on trade more than any other state, says new study

The UPS hub in Louisville is part of the "robust manufacturing logistics" that a new study says has helped make Kentucky more reliant on global trade than any other state. (Photo by Jon Cherry/Getty Images)Kentucky’s economy is the nation’s most reliant on global trade, according to a new study that looks at the potential impact of President Donald Trump’s tariffs on housing prices. The study found that imports into Kentucky equal 32.3% of the s…

Tariffs will cost each household nearly $5,000 a year: Report

Researchers found that the average effective tariff rate has reached its highest level since 1901.

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Tariffs will cost families nearly $5K per year, Kentucky governor says

"That's months upon months upon months of groceries. That's months upon months of rent. That might be your entire annual deductible if you've got private health insurance coverage," he said. "No family will be able to get through that without being severely impacted and for those that are struggling to pay bills at the end of the month, it's enough to put you under."

Tariffs will cost families nearly $5k per year, Kentucky governor says

HENDERSON, Ky. (WEHT) — Kentucky Governor Andy Beshear is raising alarm bells over tariffs under consideration by the Trump administration, saying they'll end up costing American families thousands of dollars. Beshear, in a message posted on social media, said the tariffs would cost an average family an extra $4,700 a year. "That's months upon months upon months of groceries. That's months upon months of rent. That might be your entire annual de…

BLK ALERTS - Raising kids is costly; Tariffs will make it even more expensive

When it comes to the cost of raising a child from infancy to the age of 17 in the United States – it’s hard to settle on a precise figure. There’s one thing we do know – it’s going to be expensive. By some estimates, raising a kid, who was born in 2015, could cost a middle class family close to $320,000 over 17 years. That money goes to childcare, healthcare, food, clothes, education, transportation, activities, toys, and a lot more. All of thos…