What tariffs could mean for US workers, consumers and the economy
- US President Donald Trump announced new tariffs affecting various imports, including a 10 percent tariff on bananas and coffee imports from Latin America starting April 5.
- Clothing and textile costs are expected to rise by 17 percent due to tariffs that impose a significant tax on imports from China and Vietnam, as analysts predict.
- Trump stated that the tariffs would make America 'very rich' and referred to them as a national security measure to address trade deficits.
- Economists predict that lower-income households will feel the harshest impact of these new tariffs in the short term.
Insights by Ground AI
Does this summary seem wrong?
40 Articles
40 Articles
All
Left
6
Center
17
Right
3
Video Supply chain expert explains how tariffs may lead to ‘wholesale change’ in US economy
ABC News’ Linsey Davis spoke with Tom Madrecki, a vice president at Consumer Brands Association, about what President Donald Trump’s tariffs could mean for consumers and the potential for price hikes.
·United States
Read Full ArticleCoverage Details
Total News Sources40
Leaning Left6Leaning Right3Center17Last UpdatedBias Distribution65% Center
Bias Distribution
- 65% of the sources are Center
65% Center
L 23%
C 65%
12%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage