When will the impact of tariffs be felt? Here's an economist's timeline
- President Trump announced new tariffs earlier this week, on April 4, 2025, at 6:14 PM EDT.
- These tariffs on imported goods are expected to raise costs for U.S. Producers.
- Consumers will see rising costs, especially for perishables and processed foods, like beef jerky.
- Smith stated costs might increase for beef jerky, requiring processing and distribution, but this will take time.
- The effects of the tariffs will take weeks or months, potentially impacting housing and electronics.
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Economists: OPR cut key to sustaining economy
KUALA LUMPUR: The reciprocal tariffs announced by United States President Donald Trump on Wednesday are set to deliver a significant blow to Malaysian export demand, impacting various industries across the nation. © New Straits Times Press (M) Bhd
When will the impact of tariffs be felt? Here's an economist's timeline
President Trump announced sweeping tariffs earlier this week, and some are set to take effect just after midnight on April 5, but that doesn’t mean U.S. consumers will feel the impact right away.
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