Reported 3 days ago
Recent analyses reveal that tariffs imposed by former President Trump are significantly increasing consumer prices in the U.S., with consumers likely to pay $592 billion for these import taxes by the end of 2025. As companies pass on the rising costs from tariffs, inflation is set to remain high, with projections suggesting that consumers could bear up to 70% of these charges next year. Economists confirm that tariffs are a primary driver behind the current inflation trend, affecting both the economy and personal finances.
Source: YAHOO