NBC - The ripple effects of President Donald Trump’s new wave of sweeping tariffs announced this week will be felt the most by lower-income Americans, who are heavily reliant on products from countries hit the hardest by Trump’s tariffs and have less disposable income to absorb higher prices.
Trump is placing some of his highest tariffs on goods coming from countries making the low-cost products that line the shelves of discount retailers. Products from Vietnam, Sri Lanka and Cambodia, for instance, will have a tariff of more than 40% — that is, importers will now need to pay 40% of the value of those goods to Customs and Border Protection at ports of entry to get them into the country....
While Trump campaigned on a pledge to lower prices
for struggling Americans, his tariffs are expected to increase the cost
of everything from kids’ shoes to fresh produce, according to
economists and business executives. The total impact from the tariffs
announced since Trump took office could cost the average household
$3,800 per year, according to analysis by the Budget Lab at Yale University.
NBC News - China has imposed tariffs on all U.S. imports, escalating the trade war between the world’s two biggest economies. The move came after President Donald Trump imposed an additional 34% tariff on all Chinese imports as part of what he called reciprocal tariffs on a long list of U.S. trade partners.
1 comment:
Did you notice the cost of the tariffs was put together by the Budget Lab at yale. This is exactly why MUMPS is going after colleges. he does not want anyone to have the knowledge to show how piss poor his program is and how it does not work. n When you lie all the time, you have to eliminate any centers of honest and research.
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