US EditionPrices are rising. See how much the cost of basic grocery items has changed
- Peter Navarro, White House trade adviser, estimated tariffs would raise about $600 billion a year, totaling $6 trillion over a decade.
- Economists have questioned Navarro's figures, suggesting a 20% tariff would generate significantly lower revenue, potentially costing the average consumer between $3,400 to $4,200 a year.
- Tariffs generally raise prices for consumers, and critics warn that they could lead to higher consumer prices and reduced economic activity.
- Critics, including Senator Rand Paul, argue that tariffs are another form of tax on Americans that could potentially lead to a recession.
34 Articles
34 Articles
Prices are rising. See how much the cost of basic grocery items has changed
By Matt Stiles, CNN (CNN) — The cost of food in the US increased significantly amid the Covid-19 pandemic and the steep inflation that followed. While prices have stabilized more recently, new factors have already driven up the costs for eggs and threaten to increase them for other common household foods. The price of eggs could increase by as much as 20% this year, according to one government forecast, after detections of avian influenza among …
The Avery Journal-Times
Economists warn tariffs could hike costs for Americans; not all agree
(The Center Square) – President Donald Trump has named April 2 as the day to unveil sweeping new tariffs, which are taxes on imported goods that many experts warn could lead to higher prices for Americans.
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- 47% of the sources lean Right
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