20 items and goods most exposed to price shocks from Trump tariffs
- President Donald Trump's new tariffs will raise prices on goods like clothing, shoes, leather items, and motor vehicles by 10-20%, according to the Budget Lab at Yale University.
- The average household could lose $3,800 per year in purchasing power due to these tariffs and retaliatory actions by other nations, based on the Yale Budget Lab's analysis.
- Car prices could rise by over 8% due to tariffs, with new vehicle prices potentially increasing significantly as estimated by Bank of America.
- Economists expect the U.S. Inflation rate to reach 4.5% later in 2025, attributed to the impacts of tariffs on consumer prices as predicted by Capital Economics.
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Total News Sources8
Leaning Left4Leaning Right0Center1Last UpdatedBias Distribution80% Left
Bias Distribution
- 80% of the sources lean Left
80% Left
L 80%
C 20%
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