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Trump's Tariffs Could Squeeze US Factories and Boost Costs by up to 4.5%, a New Analysis Finds

UNITED STATES, JUL 31 – New tariffs could raise factory costs in the U.S. by 2% to 4.5%, risking layoffs and wage stagnation according to analysis by the Washington Center for Equitable Growth.

  • President Donald Trump plans to begin tariffs ranging from 15% to 50% on imports from dozens of countries starting August 1, 2025.
  • The United States has introduced new trade agreements involving the European Union, Japan, and other nations that are designed to increase import tariffs as part of ongoing trade policy measures.
  • A June analysis shows U.S. factories face rising costs by roughly 2% to 4.5%, with companies likely passing about half the tariffs onto consumers as prices increase.
  • Chris Bangert-Drowns said, "There's going to be a cash squeeze for a lot of these firms," and Montana Knife's president noted they "cannot hire those extra few people" due to tariffs.
  • Experts warn tariffs risk wage stagnation, job losses, and slower growth while Trump claims tariffs will reduce the deficit and boost factory jobs.
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Lean Left

The small African nation of Lesotho, which US President Donald Trump said “no one has ever heard of,” has declared a state of “national disaster.” This was due to high youth unemployment and job losses due to expected high US tariffs and cuts in aid. In a small country where the textile industry is key, the factory that makes Trump’s golf shirts is also at risk of closure.

Spectrum Local NewsSpectrum Local News
+3 Reposted by 3 other sources
Center

As Trump's tariff deadline looms, clothing factory in Lesotho goes dark

Although Lesotho's initial tariff rate of 50% has dropped, for much of the country the damage is already done.

·United States
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The Daily ProgressThe Daily Progress
+4 Reposted by 4 other sources
Center

Trump's tariffs could squeeze US factories and boost costs by up to 4.5%, analysis finds

A new analysis suggests factory costs because of President Donald Trump's tariffs and trade policies could increase by about 2% to 4.5%.

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The Zambian Observer broke the news in Zambia on Monday, July 28, 2025.
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