US EditionTrump's Tariffs Could Squeeze US Factories and Boost Costs by up to 4.5%, a New Analysis Finds
UNITED STATES, JUL 29 – Trump's tariffs on steel and aluminum could raise factory costs by up to 4.5% and reduce average household income by $2,400, risking job losses in key manufacturing sectors.
- On Tuesday, the Washington Center for Equitable Growth analysis suggests factory costs could increase by roughly 2% to 4.5%.
- On Friday, new duties will cover imported steel, aluminum, and dozens of other countries, potentially raising factory costs by up to 4.5%, analysis suggests.
- Domestic U.S. steelmakers have raised prices, and analysts warn factory profit margins could lead to wage stagnation or closures, raising costs for the average household.
- America lost manufacturing jobs after April tariffs, and outside economists say these measures are unlikely to revive factory towns or boost wealth.
- Starting Sunday, analysis suggests tariffs could raise prices on the top five imported foods, which account for 21% of U.S. food imports, experts say.
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112 Articles
Trump tariffs could boost factory costs 4.5 percent: Analysis
A new analysis on the Trump administration’s tariff policies found several industries could face cost increases of up to 4.5 percent. The Washington Center for Equitable Growth found prices rising from 2 to 4.5 percent, with particular vulnerability to the manufacturing sector and the repair and maintenance industries, including auto repair shops. Researcher Christopher Bangert-Downs…
As President Donald Trump prepares to announce further tariff increases, the costs of his policies are coming into focus for a domestic manufacturing sector reliant on global supply chains, with new analysis suggesting that…
'Great cover': CEOs caught admitting they're using tariffs as excuse to jack up prices
The effects of U.S. President Donald Trump's tariffs are winding their way through the American economy, and a new piece of analysis claims that corporate America is using them as "cover" to further jack up prices.Progressive advocacy group Groundwork Collaborative issued a new report on Tuesday tha...
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