US, Trump and Tariffs
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People overseas have so far paid very little for tariffs, with Americans bearing the brunt of the cost, per Deutsche Bank.
President Donald Trump’s 25% tariffs on imported vehicles and parts have sent shockwaves through the U.S. auto industry.
Automakers might increase prices moving forward, according to a report from the intelligence firm AlixPartners.
Many U.S. companies, including GM, Walmart, and Home Depot, are currently absorbing tariff costs, sacrificing profits to shield consumers from price hikes.
Business owners are paring back product offerings and trying to keep up with shifting deadlines and tax rates on imported goods.
23hon MSN
Orange juice importer sues Trump, says Brazil tariffs will mean higher prices for consumers
President Donald Trump’s tariffs on Brazil could push up the cost of orange juice at major American supermarkets like Aldi, Walmart and Wegmans by as much as 25%, according to one US-based orange juice importer.
Consumers blame companies for exploiting the disruption caused by tariffs. They believe companies are raising prices and reducing quality to boost profits.
The tariff-driven inflation that economists feared begins to emerge after President Donald Trump's sweeping moves.
U.S. consumer prices increased by the most in five months in June amid higher costs for some goods, suggesting tariffs were starting to have an impact on inflation and potentially keeping the Federal Reserve on the sidelines until September.
A new report found inflation on the rise in June, another indicator of the affect Donald Trump's tariffs are having on the US economy.
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