US EditionTrade war will push prices 1.8 percent higher in short term: Analysis
- A trade war is expected to raise prices by 1.8% in the short term, leading to a $2,400 loss of income per U.S. household, according to the non-partisan policy research center.
- The Budget Lab at Yale estimates that prices will increase by 1.8% in the short term due to new tariffs, which translates to a $2,400 loss of income per U.S. household.
- Jon Gold, vice president at the National Retail Federation, reported that increased tariffs will significantly raise costs for U.S. retailers, manufacturers, and consumers.
- The overall tax on imported products has reached 18.6%, the highest since 1933, according to the research center.
25 Articles
25 Articles
Waterloo Cedar Falls Courier
Tariff impact on consumers to come into focus soon
American businesses and consumers soon will have a better idea of how President Donald Trump’s foreign trade agenda might affect them now that the United States has imposed higher tariffs on products from dozens of countries.
Trade war will push prices 1.8 percent higher in short term: Analysis
President Trump’s tariff war could push prices 1.8 percent higher in the short term, potentially costing the average American household about $2,400, according to a new analysis from The Budget Lab at Yale. The nonpartisan think tank found that consumers faced an overall effective tariff rate of 18.6 percent, the highest in nearly a century.…
What Trump's New Tariffs Could Mean For US Consumers
American businesses and consumers soon will have a better idea of how President Donald Trump's foreign trade agenda might affect them now that the United States has imposed higher tariffs on products from dozens of countries.
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