US EditionCraft Beer, Cider Prices Going up? Here’s Why It Might Be Trump’s Fault
UNITED STATES, JUL 19 – Trump's tariffs have generated over $100 billion in revenue in 2025, raising consumer prices by 2.7% and prompting mixed effects on manufacturing investment and trade deficits.
- Treasury Department data shows tariffs have yielded over $100 billion in revenue, including $27 billion last month.
- By design, levies on imports aim to incentivize domestic manufacturing, countering 'non-reciprocal trade practices' according to the White House.
- The effective tariff rate reached 20.6%, the highest since 1910, and imported toys saw price increases six times faster in June.
- Analysts told ABC News that tariffs elicited some U.S. manufacturing investment commitments, and on-off announcements triggered market swings including the S&P 500’s worst day since 2020.
- Projections suggest tariffs may lead to an 8% GDP drop and a 7% wage decline, costing middle-income households $58,000 over time, according to the Penn Wharton Budget Model.
25 Articles
25 Articles
Craft beer, cider prices going up? Here’s why it might be Trump’s fault
If New Yorkers begin paying more for craft beers and ciders, it may be President Donald Trump’s fault. The Albany Times-Union reported that New York craft brewers are grappling with the effects of Trump tariffs on imported aluminum.
What to buy before tariffs take effect: Experts say laptops, smartphones, and even Christmas lights could soon cost more
Ah, tariffs. President Donald Trump’s signature economic policy has been on, off, on again, off again, possibly AI-generated, weirdly specific, overly broad, and on and off again. Honestly, it's been hard to track tariff rates ever since the president began his second term several years ago. (Or, at least, it feels like years.)While the president’s tariffs have had wide-ranging effects, perhaps the most constant consequence has been a sense of u…
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Exclusive: Trade partners have realized America is 'simply not reliable' after Trump's tariff regime, says Elizabeth Warren—believing impact will be felt for generations to come
Senator Elizabeth Warren warns Trump's trade chaos risks decades of damage to U.S. credibility and investment.
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