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Not feeling the trade war pain yet? Get ready | CNN Business

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  By now, anyone with even half an eye on the news has seen headlines about how the economy is suddenly in trouble because of President Donald Trump's tariffs: Markets are swinging wildly, investors are panic-buying gold, bond yields are surging, and the dollar is falling.

The article from CNN, published on April 25, 2025, discusses the impact of former President Donald Trump's proposed tariffs on everyday consumers. Trump's suggestion of a 10% tariff on all imported goods and a more than 60% tariff on Chinese goods could significantly increase the cost of a wide range of products, from electronics to clothing. Economists warn that these tariffs would act as a tax on American consumers, potentially leading to higher prices and reduced purchasing power. The article highlights specific examples, such as the potential increase in the cost of a typical family's shopping basket, and includes reactions from both supporters and critics of the policy. Critics argue that the tariffs would exacerbate inflation, while supporters believe they would protect American industries and jobs.

Read the Full CNN Article at:
[ https://www.cnn.com/2025/04/25/business/trump-tariff-pain-customers-nightcap/index.html ]