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US coffee drinkers in for double shot of pain from tariffs

  • U.S. President Donald Trump announced a new baseline 10% tariff on imports effective April 5, impacting all countries including traditional allies such as Vietnam, which faces a 46% tariff.
  • Economic expert Alex Jacquez stated that Trump's tariffs are lowering consumer confidence and hurting consumer sentiment, leading to a pullback in spending as consumers fear uncertain financial futures.
  • Ryan Hawkins, manager of Roger Wilco stores, noted struggles in importing international products due to the tariffs, affecting availability and options for customers.
  • Vietnam will face a 46% tariff, while countries like China, South Korea, and Japan face higher tariffs ranging from 24% to 34%.
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Costly tariffs imposed on Trump's Liberation Day - how measures could hit your wallet

New US tariffs could mean higher prices, job losses, and market turmoil 💰

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machash.com broke the news in on Wednesday, April 2, 2025.
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