Espresso is among the many merchandise that shall be affected by President Trump’s tariffs.
Angela Weiss/AFP by way of Getty Pictures
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Angela Weiss/AFP by way of Getty Pictures
Espresso is among the many merchandise that shall be affected by President Trump’s tariffs.
Angela Weiss/AFP by way of Getty Pictures
After per week of market turmoil, President Trump introduced he would reset his most excessive tariffs to 10 p.c throughout the board, except for China — which he boosted to a 125% tariff fee. Even on the decreased degree, the tariff charges are the best the nation has seen in lots of many years.
And better tariffs translate to increased costs for American shoppers. Martha Gimbel of the Price range Lab at Yale takes an imaginary stroll by a giant field retailer to take a look at how far more folks would possibly pay for t-shirts, rice, medicine and different staples.
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This episode was produced by Erika Ryan and Connor Donevan, with audio engineering by Simon-Laslo Janssen. It was edited by Christopher Intagliata. Our govt producer is Sami Yenigun.
