torsdag 12. desember 2024

Here’s what could get significantly more expensive under Trump’s tariff plan

Import taxes are set to spike under the incoming Trump administration, forcing Americans to pay more for everything from foreign-made sneakers and toys to food, according to new research. The items that are most vulnerable to price spikes from President-elect Donald Trump’s proposed tariffs are ones that currently have low tariffs and those that mostly come from China, the Peterson Institute for International Economics found in a Thursday paper shared first with CNN.

“The only certainty is that new tariffs will be costly for the United States,” the researchers concluded.