US EditionTrump's tariffs threaten to end quarter-century era of cheap goods for U.S. consumers
- President Donald Trump raised tariffs on Chinese imports starting in early 2025, increasing duties up to 145%, affecting U.S. Consumers and businesses nationwide.
- These tariffs aim to counter China's trade practices but have prompted targeted Chinese retaliations and caused uncertainty and disruption in supply chains.
- Businesses like Learning Resources and MGA Entertainment face soaring tariffs, leading to sharply increased costs on toys and electronics that may double prices by the holiday season.
- Estimates predict tariffs could reduce U.S. Economic growth by over 1 percentage point in 2025, with consumer inflation expectations rising to 4.4%, and product prices on cars and electronics climbing significantly.
- The tariffs could cause job losses in sectors like autos, raise consumer prices on everyday goods, and the long-term effects on trade deals and economic tensions remain uncertain.
246 Articles
246 Articles
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Inflation: How tariffs could push up prices
Americans will face "significant price shocks," said Alicia Adamczyk in Fortune. The levies announced in recent weeks are certain to be passed on to consumers by importers and retailers, and will cost the average family an extra $3,800 a year, according to Yale's Budget Lab. Shoppers will quickly feel the sting at the grocery store, said Scott Neuman in NPR.org. The "vast majority" of our seafood is imported, with top suppliers including Indones…
Manufacturing jobs are coming back in Acadiana. Could tariffs accelerate that growth?
The stated goal of President Donald Trump's sweeping tariffs is to bring companies and their manufacturing jobs back to the United States. But in Acadiana, where there has been a concentrated focus on diversifying an economy overly reliant on oil and gas, manufacturing jobs have already been returning, and at a rate higher than the rest of the state.
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