US EditionHere’s what could soon cost you a lot more because of Trump’s massive tariffs
- President Trump announced new tariffs on Wednesday, impacting numerous countries and various imported goods.
- The tariffs aim to address trade deficits and rebuild American manufacturing, but economists warned of higher prices.
- The tariffs include a baseline 10% tariff on all imports and higher rates for roughly 60 'worst offender' countries.
- Former IMF chief economist Ken Rogoff said, "He just dropped a nuclear bomb on the global trading system."
- These tariffs may lead to increased consumer prices on goods, potentially triggering retaliatory measures and global trade wars.
209 Articles
209 Articles
What you're still set to pay more for under Trump's tariffs
Some of the stiffest new tariffs are on hold, but experts say shoppers’ bills for White House trade policies are coming due soon. President Donald Trump’s surprise 90-day suspension Wednesday of much of his April 2 tariff announcement doesn’t change the likelihood that consumers will pay more for many goods and services in the months ahead, economists warn. All the tariffs he has announced this year would dent households’ purchasing power by an …
Tariffs hit hard in immigrant communities across tri-state area
JACKSON HEIGHTS, Queens (PIX11) -- A common comparison in analyses of financial markets is between Wall Street and Main Street. In the Jackson Heights neighborhood in Queens, which is made up mostly of immigrants from India, Bangladesh, Nepal, and other South Asian countries, the main street is 37th Avenue. In shops, boutiques and grocery stores there, the effect of President Donald Trump's tariffs -- or the expectation of them -- is palpable. …
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