US EditionTrump’s threat to impose tariffs could raise prices for consumers, colliding with promise for relief
- Donald Trump threatens to impose 25% tariffs on imports from Mexico and Canada, which could raise prices for consumers on goods from gas to automobiles.
- Economists predict that companies would need to pass the added costs to consumers, leading to higher prices for food, clothing, and other essentials.
- Alan Siger states, "Tariffs distort the marketplace and will raise prices along the supply chain, resulting in the consumer paying more at the checkout line.
232 Articles
232 Articles
Trump's tariffs may be targeted at others -- but they could impact you too
President-elect Donald Trump is threatening to impose steep tariffs on America’s biggest trading partners unless they do more to stop the flow of illegal drugs and immigrants. In social media posts Monday, Trump vowed to impose a 25% tax on all imports from Mexico and Canada, along with an additional 10% tax on imports from China, as one of his first orders on taking office. If he makes good on the threat, the impact would be felt in the U.S. to…
Donald Trump promised to bring down prices, but experts say his tariff plans will do the opposite • Colorado Newsline
Steve Madden shoe boxes are displayed Nov. 11 at a DSW store Novato, California. In response to President-elect Donald Trump’s proposed tariffs, shoemaker Steve Madden is planning to import fewer goods from China and look to move production to countries like Vietnam, Cambodia, Brazil and Mexico. Economists say Trump’s proposed tariffs would raise prices after he promised to bring them down for groceries, rent and other basics. (Justin Sullivan/…
Donald Trump promised to bring down prices, but experts say his tariff plans will do the opposite • Kansas Reflector
Steve Madden shoe boxes are displayed Nov. 11 at a DSW store Novato, California. In response to President-elect Donald Trump’s proposed tariffs, shoemaker Steve Madden is planning to import fewer goods from China and look to move production to countries like Vietnam, Cambodia, Brazil and Mexico. Economists say Trump’s proposed tariffs would raise prices after he promised to bring them down for groceries, rent and other basics. (Justin Sullivan/G…
Trump's tariffs would devastate auto sector, raise consumer costs: industry leaders
Auto industry leaders say U.S. president-elect Donald Trump’s threat of tariffs on Canadian goods would have devastating effects for the sector, forcing both Canadian and U.S. consumers to pay higher vehicle prices. Flavio Volpe, president of the Automotive Parts Manufacturers’ Association, said it’s unreasonable to apply such a tax to auto parts, which may cross the border up to eight times before ending up in a finished vehicle. He noted the a…
Donald Trump promised to bring down prices, but experts say his tariff plans will do the opposite • South Dakota Searchlight
Steve Madden shoe boxes are displayed Nov. 11 at a DSW store Novato, California. In response to President-elect Donald Trump’s proposed tariffs, shoemaker Steve Madden is planning to import fewer goods from China and look to move production to countries like Vietnam, Cambodia, Brazil and Mexico. Economists say Trump’s proposed tariffs would raise prices after he promised to bring them down for groceries, rent and other basics. (Photo by Justin S…
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