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Trump's tariffs threaten to end quarter-century era of cheap goods for U.S. consumers
- President Donald Trump raised tariffs on Chinese imports starting in early 2025, increasing duties up to 145%, affecting U.S. consumers and businesses nationwide.
- These tariffs aim to counter China's trade practices but have prompted targeted Chinese retaliations and caused uncertainty and disruption in supply chains.
- Businesses like Learning Resources and MGA Entertainment face soaring tariffs, leading to sharply increased costs on toys and electronics that may double prices by the holiday season.
- Estimates predict tariffs could reduce U.S. economic growth by over 1 percentage point in 2025, with consumer inflation expectations rising to 4.4%, and product prices on cars and electronics climbing significantly.
- The tariffs could cause job losses in sectors like autos, raise consumer prices on everyday goods, and the long-term effects on trade deals and economic tensions remain uncertain.
249 Articles
249 Articles
Colorado Springs Gazette
Colorado PoliticsTrump to visit US Steel amid questions over his tariffs, economic approach
President Donald Trump faces a lot of headwinds as he makes a visit to U.S. Steel Friday to argue that his approach to the economy is working. Not only are Democrats and free trade-oriented Republicans criticizing him, but Trump also…
Pivoting from tax cuts to tariffs, Trump ignores economic warning signs - West Hawaii Today
WASHINGTON — The day after House Republicans approved an expensive package of tax cuts that rattled financial markets, President Donald Trump pivoted back to his other signature policy priority, unveiling a battery of tariff threats that further spooked investors and raised the prospects of higher prices on American consumers.
An economic strategy promoted by Trump to increase tariffs, with the promise of reducing global tariffs, is analyzed, and how this idea generated concerns about a possible recession. The controversy surrounding Lutnick and the use of post-crisis funds are also mentioned. The post "Market Tensions Due to Trump and Ukraine!" first appeared on Valuetainment.
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