Mon, February 3, 2025
Sun, February 2, 2025
Sat, February 1, 2025
[ Sat, Feb 01st ]: Reuters
Budget 2025 Highlights

America's favorite beer, avocados, gas and cheap stuff from Temu will get more expensive as economists warn of Trump tariffs impact

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. -as-economists-warn-of-trump-tariffs-impact.html
  Print publication without navigation Published in Business and Finance on by MSN
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Avocados from Mexico. Cherry tomatoes from Canada. Cheap clothes from China's Shein and Temu. Gasoline at the pump. And even America's favorite beer. Economists and market analysts are warning that Americans should brace for higher prices on a raft of everyday goods after President Trump announced 25% tariffs on goods from Mexico and Canada and 10% on imports from China.
The article from MSN discusses the potential economic impacts of former President Donald Trump's proposed tariffs if he were to return to office. Trump has suggested implementing a 10% tariff on all imports and a 60% tariff specifically on Chinese goods. Economists warn that these tariffs could significantly increase the prices of various consumer goods in the U.S. Items like beer, avocados, and products from the online marketplace Temu could become more expensive. The article highlights that these tariffs would not only affect direct imports but could also lead to retaliatory tariffs from other countries, potentially disrupting global trade. Furthermore, the increased costs would likely be passed on to consumers, affecting everyday items and possibly leading to higher inflation. The discussion also touches on the broader implications for international trade relations and the potential for economic retaliation from trading partners.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/america-s-favorite-beer-avocados-gas-and-cheap-stuff-from-temu-will-get-more-expensive-as-economists-warn-of-trump-tariffs-impact/ar-AA1yihGu ]