Here's What Will Cost More After Trump's Tariffs: Coffee, Cars, More
- President Trump announced reciprocal tariffs on Wednesday, April 2, 2025, at the White House.
- The U.S. Has a trade deficit, and Trump aims to rebuild manufacturing and boost opportunity.
- The U.S. Implemented tariffs against over 180 countries, impacting several industries and consumer goods.
- Trump stated the U.S. Would apply 10% duties, while Yellen claimed consumers would not face meaningful price increases.
- Economists fear a damaging global trade war and potential recessions could result from the tariffs.
19 Articles
19 Articles
Food Prices Could Soar with Trump Tariffs
“The president campaigned on a promise to bring down grocery prices, but the new tariffs announced Wednesday will do the opposite for many staple foods,” Axios reports. “The groceries and food hit hardest, if these tariffs take effect, are the things mostly not grown or harvested in the U.S.” “For example: Coffee, chocolate, vanilla, bananas, fruits and vegetables from South America (the berries you buy in winter), a lot of shrimp.”
Who is Howard Lutnick, the "man with the table" who presented Trump's tariffs? He became famous and controversial after the terrorist attacks on the World Trade Center's "twin towers" - HotNews.ro
The US Secretary of Commerce is not usually one of the most publicly visible positions in the White House administration, but Howard Lutnick, the current occupant of the position, plays a vital role in the trade "wars"...
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